Given the following contract terms, provide the cumulative net balance in period 6:

Materials Suppliers: Paid within 30 days (Current)

Subcontractors: Pay-When-Paid

Contract Payment Terms: 30 days

Retainage is 10% on GC and the Subcontractor.

If your answer is a negative, make sure to use the appropriate symbol (-)

Billings
Period	Materials ($)	Labor ($)	Subcontractors ($)	Invoice Amount
1	13,370	17,782	116,482	147,634
2	37,600	42,900	115,777	196,277
3	29,500	26,650	118,660	174,810
4	19,200	22,800	106,800	148,800
5	29,800	26,200	102,850	158,850
6	10,800	26,120	126,600	163,520
7	12,150	32,330	177,820	222,300
8	11,300	48,470	63,230	123,000
Totals	163,720	243,252	928,219	1,335,191