P14.7 (Forecasting Cash Balance) Jethro Turnbull Ltd. is a privately owned business. It has budgeted for profits of $125,000 (after deducting depreciation of 535.000). Accounts rkeivable are expected to increase by $20,000, Inventory is planned to increase by $5,000, and accounts payable should increase by $8,000. Capital expenditure is planned of $50,000, income tax of $35.000 has to be paid, and loan repayments are due that total $25,000. What is the forecast cash position of Jethro Turnbull at the end of the lexiget fear, assuming a current bank overdraft of $15,000