MaryBelle Incorporated has the following sales forecasts for the selected three-month period in 2020: Month April May June Sales $56,000 $48,000 $45,000 All sales are on account. 35 percent of sales are collected in the month of the sale, and the remainder are collected in the following month Accounts receivable balance (April 1, 2020) Cash balance (April 1, 2020) $66,000 $5,000 Minimum cash balance is $5000. Cash can be borrowed in $1000 increments from the local bank (assume no interest charges) What is the cash balance at the end of Ap $75000 is paid out during April? assuming that cash is received only from customers and that 1 $5,000 $66,000 $19,600 $15,600