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1 l 1. Adzac Corporation has the following budget data for the year 2022. l I Budget: I Dec. 31, 2021 Ending Inventory 78,246 I

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1 l 1. Adzac Corporation has the following budget data for the year 2022. l I Budget: I Dec. 31, 2021 Ending Inventory 78,246 I Dec. 31, 2022 Ending Inventory 71,497 Inventory Purchases 871,679 5 Depreciation Expense Budget 86.360 ; Gen. Administrative Expense Budget 93,265 3 Selling Expense Budget 128,509 Rent Expense Budget 153,072 I Salaries Expense Budget 219,473 Insurance Expense Budget 53,830 i I The sales budget is based on a target gross margin of i 76% of sales. Cash balance by Dec. 31, 2021 is - expected at $143,943, while total cash receipts for I 2022 at $1,499,129. Calculate the ending cash balance I before nancing. I Answer up to two decimal places. Indicate negative sign as necessary

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