Vela Enterprises Inc. would like to prepare a summary cash budget for March. The following information is available:

The cash balance at March 1 was estimated to be $3,000.

Cash collections for sales totaled $53,500

Inventory purchases in cash were $19,000.

Cash disbursements for selling and administrative expenses are expected to be $4,000 in March.

Depreciation expense for March is expected to be $5,000.

Loan and interest payments for March are expected to be $25,000.

What is the cash balance at the end of March expected to be?