The following data pertains to Louetta Mfg., which was founded on January 1st.

Sales (all credit) Purchases (all credit)

Jan $120,000 $140,000

Feb 160,000 200,000

Mar 170,000 230,000

Apr 220,000 150,000

May 250,000 200,000

Louetta pays for purchases over two months: 20% in the month of purchase and the remainder in the following month. Louetta expects to collect on sales over three months: 20% in the month of sale, 25% in the 1st month following, and the remainder in the 2nd month following. At the beginning of January, Louetta has a cash balance of $340,000. What cash balance does Louetta expect to have at the end of March?