The beginning cash balance is $16,000. Sales are forecasted at $860,000 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 $478,000. Accounts Receivable from previous accounting periods totaling $10,400 will be collected in the current year. The company is required to make a $16,000 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 $90,000, and the annual interest rate is 10%. Compute the excess of available cash over cash disbursements. Excess of available cash over cash disbursements $