Your Company was recently created with a beginning cash balance of $20,000. The company expects the following for the first month of operations: Cash sales to customers. $18,000 Sales on account to customers $30,000 Cash collected from credit customers. $12,000 Cost of merchandise purchased $35,000 Cash paid for merchandise purchased. $24,500 Cost of merchandise sold. $26,600 Cash paid for display cases.. $9,600 Selling and administrative expenses. $4,450 The display cases above were purchased at the beginning of the month and are being depreciated at a rate of $650 per month. The depreciation is included in the selling and administrative expenses figure above. All other selling and administrative expenses are paid as incurred. Your Company wants to maintain a cash balance of $10,000. Any amount below this can be borrowed from a local bank as needed in increments of S1,000. All borrowings are made at month end. What is the ending balance in the cash budget