Perine Company has 2,970 pounds of raw materials in its December 31,2019 , ending inventory. Required production for January and February of 2020 are 4,500 and 5,900 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. The beginning cash balance is $15,500. Sales are forecasted at $890,000 of which 80% will be on account. Seventy percent of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $474,000. Accounts Receivable from previous accounting periods totaling $11,400 will be collected in the current year. The company is required to make a $16,500 loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is $90,000, and the annual interest rate is 8%. Compute the excess of available cash over cash disbursements. Excess of available cash over cash disbursements $