22. A firm has an average collection period of 25 days. It has a policy of keeping at least S10 on hand as minimum cash balance, and has a beginning cash balance for the first quarter of $20. Beginning receivables for the first quarter amount to $35. Sales for the first and second quarters are expected to be S110 and $125, respectively, while purchases amount to 80% of next quarter's forecasted sales. The account payable period is 90 days (1 quarter). (i) Determine whether the firm has a cash surplus or deficit for the first quarter. m the beginning accounts second quarter