Marsha, Inc., has the following budgeted data for 2016:

Cash balance, beginning	$	16,200
Collections from customers		146,200
Direct materials purchases		26,200
Expenses:
Operating expenses		52,400
Payroll		76,200
Income taxes		6,000
Other:
Machinery purchases		31,200

Operating expenses include $21,200 depreciation for buildings and equipment. All purchases of materials are paid for in the period of purchase. The company has recently increased its minimum required cash balance from $16,200 to $25,000.

Required:

Compute the amount the company needs to finance or the excess cash available for Marsha to invest.

MARSHA, INC.
Cash Budget for Year 2016
Beginning cash balance			$16,200
Net cash flow from operations:
Cash inflows:
Cash collections from customers		$146,200
Cash outflows:
Direct materials purchases		26,200
Operating expenses	$52,400
Less: Depreciation	21,200	31,200
Payroll		76,200
Income taxes		6,000	6,600
Investing activities:
Purchase of machinery			31,200
Financing activities:
Cash excess (shortage) before financing
Minimum cash balance required		25,000
New financing required
Budgeted end-of-period cash balance			$(8,400)