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Miley has a cash balance of $10000 on January 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements:

Miley has a cash balance of $10000 on January 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements:

Month Cash Receipts Cash Disbursements
January $45999 $56320
February $69465 $75591
March $73523 $65685

Management desires a minimum balance of $10,000 at all times. If necessary, additional financing can be obtained at a 12% interest rate. Interest is paid at the time of repaying the loan principal.

Note: for calculating interest, if our budget indicates we will need to borrow money, we will plan to do so at the beginning of the month. When we are able to repay the balance we will do so at the end of the month. Use the format below to create a cash balance.

January February March
Beginning cash balance
Add: cash receipts
Subtotal
Less: cash payments
Cash balance before financing/repayment
Financing:
Borrowing to maintain minimum balance
Principal repayment
Interest payment
Ending cash balance

Assuming the month started with the minimum cash required, what is the March cash balance before financing/repayment? Round ONLY your final answer to the nearest whole dollar amount. Do not round intermediate calculations.Enter your answer as either positive (no sign) or negative (use a - sign).

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