Cullumber Industries is preparing its cash budget for the third quarter of the current year. Sales for the third quarter are budgeted at $$699000($$$233000$ per month$).$ Sales are $80\%$ cash, with the remaining $20\%$ on credit which is collected in the month following the month of sale. On June $30,$ the cash balance is $$38900,$ and the Accounts Receivable $($all related to June sales$)$ balance is $$41400.$ Operating expenses for the quarter are budgeted at $$371600,$ which includes $$15500$ of depreciation. Cash expenses are paid in the month incurred. Cash purchases for merchandise inventory are budgeted at $$314200$ for the quarter. To prepare for the busy fourth quarter, Cullumber$$s desired cash balance on September $30$ is $$122500.$ How much financing will the company need at the end of the third quarter?

Select answer from the options below

$$29000$

$$13500$

$$117000$

$$60100$