A given government has a starting cash balance of $400,000. It levies taxes of $500,000, and collects $475,000 of that amount before the end of the fiscal period. Additional charges and fees amount to $75,000. The government disburses $415,000 in wages, salaries and benefits; repays a loan of $220,000, plus an additional $55,000 in interest on outstanding debt. Other expenditures amount to $35,000.

(a) What is the budget surplus or deficit for the period?

(b) What is the ending cash balance?