oodman \& Palmon Enterprises has a beginning cash balance of $18,000 to start the year. Sales are projected to be $600,000 of which 5% will be on credit while the remainder is in cash. The company expected to collect 85% of credit sales during the year of sale. The llowing year, 12% of sales should be collected. Cash expenditures for the year are forecasted at $380,000. Net Accounts Receivable of 12,000 from the prior year will all be collected in the current year. The company is required to make a $18,000 loan payment on the last ay of every year. ompute the excess of cash receipts over cash disbursements during the current year. $164.500 $128,500 $146,500 $127.000