Your answer is partially correct. Mark Harris has been working on Crane Paints' cash budget for the coming year. Based on his projections for March, the beginning cash balance will be $\backslash (\backslash$$ $44,700\backslash )$; cash collections will be $\backslash (\backslash$$ $600,000\backslash )$; and cash disbursements will be $\backslash (\backslash$$ $634,000\backslash ).$ Crane Paints desires to maintain a $\backslash (\backslash$$ $40,000\backslash )$ minimum cash balance. The company has a $12\backslash \%$ open line of credit with its bank, which provides short$-$term borrowings in $\backslash (\backslash$$ $500\backslash )$ increments. All borrowings are made at the beginning of the month, and all repayments are made at the end of the month $($in $\backslash$$$500$ increments$).$ Accrued interest is paid at the time of repayment. $($a$)$ How much will Crane Paints need to borrow from the bank at the beginning of March? Crane Paints should borrow $\backslash$$ $($b$)$ Assuming that Crane Paints has $\backslash (\backslash$$ $20,000\backslash )$ in excess cash budgeted for April, how much princip$$ Principal to be repaid $\backslash$$ Interest to be repaid $\backslash$$