Badlands, Inc. manufactures a household fan that sells for $20 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the companys accounting records.

Badlands maintains a minimum cash balance of $20,000. Total payments in January 20x1 are budgeted at $200,000.

A schedule of cash collections for January and February of 20x1 revealed the following receipts for the period:

	Cash Receipts
	January			February
From December 31 accounts receivable	$	102,000
From January sales		90,000		$	142,000
From February sales					75,600

March 20x1 sales are expected to total 9,500 units.

Finished-goods inventories are maintained at 20 percent of the following months sales.

The December 31, 20x0, balance sheet revealed the following selected figures: cash, $23,900; accounts receivable, $102,000; and finished goods, $24,450.

Required:

Calculate the financing required in January, if any, to maintain the firms minimum cash balance.