Data regarding Carver Lumber's operations follow:

Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January.

Collections are expected to be 90% in the month of sale and 10% in the month following the sale.

The cost of goods sold is 75% of sales.

The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

Other monthly expenses to be paid in cash are $24,700.

Monthly depreciation is $16,000.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	19,000
Accounts receivable		77,000
Inventory		157,500
Property, plant and equipment, net of $502,000 accumulated depreciation		1,002,000
Total assets	$	1,255,500
Liabilities and Stockholders' Equity
Accounts payable	$	272,000
Common stock		780,000
Retained earnings		203,500
Total liabilities and stockholders' equity	$	1,255,500

How much is the store's budgeted cash balance at December 31?