Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

1. Sales are budgeted at $220,000 for November, $200,000 for December, and $210,000 for January.

2. Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible

3. The cost of goods sold is 65% of sales

4. The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next months cost of goods sold. Payment for merchandise is made in the month following the purchase.

5. Other monthly expenses to be paid in cash are $22,500

6. Monthly depreciation is $19,000

7. Ignore taxes

Statement of Financial Position

Assets 16000

Accounts Receivable(Net Allowance of uncollectible Units) 76000

Merchandise Inventory 71500

PP&E net 536000 of accumulated depreciation 956000

Total Assets 1,119,500

Liabilities and Stockholders Equity

Accounts Payable 147000

Common Stock 840000

Retained Earnings 132500

Total Liabilities and Stockholders Equity 119500

What is Big Bears cash balance at the end of December if the cash balance for 11/30 is $76,500?