Consider the financial statements for Ace Inc.

Ace Inc. Income Statements ($000s)
	Year 1	Year 2
Sales	$249,560	$290,130
Cost of goods sold	164,010	172,050
Gross margin	85,550	118,080
Selling & admin expenses	68,590	76,220
Depreciation	12,500	14,950
Operating income	4,460	26,910
Interest expense	950	800
Profit before tax	3,510	26,110
Income tax (at 3535%)	1,229	9,139
Net income	$2,281	$16,971
Common dividend paid	$1,000	$1,000

Ace Inc. Balance Sheets at December 31 ($000s)
	Year 1	Year 2
Cash	$2,420	$3,501
Accounts receivable	30,950	32,230
Inventories	17,790	20,890
Total current assets	51,160	56,621
Net property & equipment	19,220	23,170
Total assets	$70,380	$79,791
Notes payable: bank	$19,840	$13,370
Accounts payable	13,540	15,140
Total current liabilities	33,380	28,510
Long-term debt	22,560	20,870
Common equity	14,440	30,411
Total liabilities and equity	$70,380	$79,791

. Given the following data:

	Year 1	Year 2
Inventory days	39.5939.59	44.3244.32
Receivable days	45.2745.27	40.5540.55
Payable days	30.1330.13	32.1232.12

Suppose year 2's days of receivables were reduced to

35.4535.45.

How much cash would be freed up?