Assume Naphtali's Pizza has credit sales of $465,000 in March, $507,000 in April, and $550,200 in May. Also assume that 60% of sales are collected in the month of sale, 35% are collected in the following month, and the remainder are never collected. Credit purchases are $224,600 in March, $236,700 in April, and $252,700 in May. Credit purchases are paid in 15 days. Interest is $12,400 a month, wages and other expenses are $64,400 a month. Fixed assets purchases of $120,000 are scheduled for April with additional purchases of $50,000 in May. The April 1 cash balance was $321,000 and taxes of $180,000 must be paid on April 15. What is the cash balance at the end of May? Problem is worth 15 points. Round off to the nearest integer. March April May 550,200 507,000 465,000 224,600 236,700 252,700 Credit sales Credit purchases Beginning cash Collections 321,000 Total available cash Purchases Interest and wages Fixed assets Income tax Ending cash