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In April, a firm had an ending cash balance of $12,530 In May, the firm had total cash receipts of $48,357 and total cash disbursements

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In April, a firm had an ending cash balance of $12,530 In May, the firm had total cash receipts of $48,357 and total cash disbursements of $49,350. The minimum cash balance required by the firm is $10,000. Calculate the company's cash position at the end of May. If there is an excess cash balance, enter the amount as a positive number. If there is required financing, enter the amount as a negative numer

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