Ilona Ltd is preparing its cash budget for May. The following information is available regarding the monthly collection history of the company:

Current months sales collections	30%
Prior months sales collections	58%
2 months prior sales collections	6%
3 months prior sales collections	4%

The remaining 2% is not collected and the company writes it off as bad debt. Credit sales to date are as follows:

February	R410 000
March	R295 000
April	R385 000
May	R400 000

The total cash disbursements for the month of May amounts to R420 000 and the cash balance on 1 May was R10 000.

REQUIRED

Calculate the cash balance on 31 May.Show all calculations clearly.

Comment on the cash flow positions on 31 May.