Some Company has the following cash budget data for 2020:

Projected cash balance at January 1	40,000
Cash balance desired December 31	50,000
Projected cash collections from customers	145,000
Projected 2020 Sale of patent:
Book value (Original Cost - Accumulated Amortization)	40,000
Cash expected to be received	70,000
Gain on sale expected	30,000
Expected federal income tax refund from 2020 correction of error on 2018 tax return	14,000

Cash available is (please show calculation):