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Joanne Coffey owns a retail business. She sells all her products for cash or bank transfer and lodges all cash received to the business bank

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Joanne Coffey owns a retail business. She sells all her products for cash or bank transfer and lodges all cash received to the business bank acoount at the end of every day. Her suppliers provide her with one month's credit. Al 1 April, the business bank balance is 4160 Her budgeted sales for the month are 611701 and her budgeted purchases are 65849 . Her purchases in March were 65090 . Her other budgeted expenses for April were wages and salaries of E1768 and light and heat of 1082. The energy supplier issues bils every second month and they must be paid within one week. The bill for Aprillay is due arrive in the first week of June The shop's rent is 1343 a month, payable every quarter (with the first payment of the year payable on January 2nd). Based on this, what is Joanne's budgeted closing cash balance at 30 April

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