Industrial Supply has projected Q1 sales at $38,200, Q2 sales at $44.900, and Q3 sales at $42,300. Purchases equal 69 percent of the next quarter's sales. The accounts receivable period is 30 days and the accounts payable period is 60 days. At the beginning of Q1, the firm has an accounts receivable balance of $11,800 and an accounts payable balance of $23,300. The form pays $1.600 a month in cash expenses and $800 a month in interest and taxes. At the beginning of the Q1, the cash balance is $500 and the short-term loan balance is zero. During Q1, capital spending will be $2,100. The firm maintains a minimum cash balance of $200. Assume each month has 30 days. What is the cumulative cash surplus (deficit) at the end of Q1, prior to any short-term borrowing? -$91 -$560 -$983 $100 $360