The beginning cash balance is $$17,000.$ Sales are forecasted at $$810,000$ 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 $$477,000.$ Accounts Receivable from previous

accounting periods totaling $$10,200$ will be collected in the current year. The company is required

to make a $$17,000$ 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 $$95,000,$ and the annual interest rate is $9\%.$

Compute the excess of available cash over cash disbursements.

Excess of available cash over cash disburseme