Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows:

	Q1	Q2	Q3	Q4
Sales	$230	$195	$270	$290

Sales for the first quarter of the year after this one are projected at $250 million. Accounts receivable at the beginning of the year were $79 million. Wildcat has a 45-day collection period.

Wildcat's purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecast sales, and suppliers are normally paid in 36 days. (Hint: Accounts payable at the beginning of the year were 230*0.45*(2/5).) Wages, taxes, and other expenses run about 30 percent of sales. Interest and dividends are $15 million per quarter.

Wildcat plans a major capital outlay in the second quarter of $90 million. Finally, the company started the year with a $73 million cash balance and wishes to maintain a $35 million minimum balance.

1. What is the ending cash balance (in millions) Q2?

2. What is the ending cash balance (in millions) in Q3?