The beginning cash balance is $10,000. Sales are forecasted at $400,000 of which 80% will be on credit. 70% percent of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $250,000. Accounts Receivable from previous accounting periods totalling $6,000 will be collected in the current year. The company is required to make a $10,000 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 $60,000, and the annual interest rate is 10%. How much will be reported as 'cash' on the budgeted balance sheet? 10 marks