Assume the following information for the month of August. June sales = $40,000; July sales

= $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20%

in the current month, 50% in the month following, 25% in the second month following, and

5% uncollectible. The beginning cash balance is $14,670, with cash payments of $24,653. If

the minimum cash balance is $50,000, what is the amount needed by the bank, or how much

is available to pay towards the bank loan? Show the amount needed as a positive number, and

the amount to repay a loan as a negative number,