Blossom Company issued $600,000, 8-year bonds and agreed to make annual sinking fund deposits of $70,000. The deposits are made at the end of each year into an account paying 4% annual interest. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 8 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund $