Transcript Company is preparing a cash budget for February. The company has $150,000 cash at the beginning of February and anticipates having total sales of $800,000, consisting of 25 % cash sales and 75 % credit card sales. The bank charges 3 percent for credit card deposits. The firm sets its selling price at 160 percent of the cost of purchases and pays the cost of each month's sales at the end of the month. Other cash disbursements are $20,000 per month amd 4 percent of the total sales. In addition, a $600,000 note will be due in February for equipment purchased last August. Transcript Company has an agreement with its bank to maintain a cash balance of $100,000. What amount, if any, must the company borrow during February?