onsider the following third-quarter budget data for TAP & Brothers:

TAP & Brothers Third-Quarter Budget Data
	July	August	September
Credit Sales	255,032	261,240	284,211
Credit Purchases	97,554	116,713	132,986
Wages, Taxes, and Expenses	26,340	31,165	33,349
Interest	7,116	7,660	7,996
Equipment Purchases	54,210	61,364	0

The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase.

In June, credit sales were $138,197, and credit purchases were $102,248

Julys beginning cash is $184,718

If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i.e., end of September)?