Why Ending Cash Balance of April is $104,370? Could you please show how to calculate to get $104,370? Thank you so much.

Overall Cash Budget Overall Cash Budget for the Quarter Ending June 30, 2018 April May June Beginning Cash Balance Quarter $28,000 $104,370 $20,000 $28,000 + Cash Receipts $717,345 $782,340 $1,028,160 = Cash Available $2,527,845 $745,345 $886,710 $1,048,160 $1,934,870 - Cash Payments $640,975 $879,050 $1,001,300 $2,521,325 = Ending Cash Balance Before Financing $104,370 $7,660 $46,860 Minimum Cash Balance Desired $20,000 $20,000 $20,000 Projected Cash Excess (Deficiency) $84,370 $12,340 $26,860 Financing Borrowing SO $12,340 SO $12,340 Principal Repayments $12,340 $12,340 Interest Repayments (1% per month) $123 $123 Total Effects of Financing SO $12,340 -$12,463 $123 Ending Cash Balance $104,370 $20,000 $34,397 $34,397 CCOUNTING TUTORIALS BY CHRIS SEVERSON