Skint Limited has an opening bank balance of 1610 on 1 May. During May, the company makes sales of 100,000. Customers are allowed one month's credit (which is availed of by all customers) during April were worth 80,000. During May, Skint Limited incurred the following expenses: Wages \& salaries 31389 Monthly rent of 30,000 which is paid annually in advance on 1 January of each year Depreciation of 15,000 Variable Overheads 11067 of which are paid as incurred; and Monthly insurance expenses of 4276 which are paid quarterly in February, May, August and November each year. What is the budgeted closing cash figure at 31 May