The closing cash balance of a company at the end of a financial year was $10000.The projected receipts and operating payments for the next six months are given below:

Month 1 - Receipts: 16500, Payments: 19400

Month 2 - Receipts: 18300, Payments: 20800

Month3 - Receipts: 22700, Payments: 21600

Month4 - Receipts: 29100, Payments: 24300

Month5 - Receipts: 32500, Payments: 26700

Month 6 - Receipts: 26000, Payments: 27200