Hi, where did I go wrong in my calculations. Please help!

SES. February December 170000 January 30000 Sales Collections) 60000 Purchases 40000 40000 40000 $ A 100000 40000 40000 $ $ Payments for purchases Salaries 5000 5000 5000 $ $ Rent 2600 2600 2600 $ $ $ Taxes 11000 $ Total payments 118600 47600 47600 $ Cash at start of forecast 400 $ Net cash flow 51400 -17600 12400 -17600 X -30000 X 5500 46300 Cumulative cash balance 51800 $ Target cash balance 5500 5500 $ Surplus cash or loans 23100 -35500 needed X $ X b. Suppose that Koehl starts selling on a credit basis on December 1, giving customers 30 days to pay. All customers accept these terms, and all other facts in the problem are unchanged. What would the company's loan requirements be at the end of December in this case? (Hint: The calculations required to answer this part are minimal.) Do not round intermediate calculations. Round your answer to the nearest dollar. 123700