Ivanhoe Industries is preparing its cash budget for the third quarter of the current year. Sales for the third quarter are budgeted at $ 702000 ($ 234000 per month). Sales are 70% cash, with the remaining 30% on credit which is collected in the month following the month of sale. On June 30, the cash balance is $ 38900, and the Accounts Receivable (all related to June sales) balance is $ 41000. Operating expenses for the quarter are budgeted at $ 371300, which includes $ 14600 of depreciation. Cash expenses are paid in the month incurred. Cash purchases for merchandise inventory are budgeted at $ 314400 for the quarter. To prepare for the busy fourth quarter, Ivanhoe's desired cash balance on September 30 is $ 121500. How much financing will the company need at the end of the third quarter?