2.4 Dooce is a merchandising company. Prepare a short-term cash forecast for 2021. Selected financial data from Dolphin Company are reproduced below (000):

Cash, January 1	50
Inventory, January 1	550
Depreciation expense for 2021	120
Forecasted accounts receivable, December 31	325
Accounts receivable, January 1	300
Desired inventory, December 31	950
Forecasted Cost of goods sold for 2021	3,200
Forecasted accounts payable, December 31	110
Minimum cash balance desired	90
Accounts payable, January 1	130
Cash outlays other than for inventory for 2021	560

Dolphin marks up its inventory cost by 20% to determine its sales price.

Problem 4.1

The forecasted cash balance (000) as of December 31, 2021 is:

Group of answer choices

405

(65)

(245)

(155)