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Valley Trails is preparing the Cash Budget for the upcoming period, and is concerned about their...

Valley Trails is preparing the Cash Budget for the upcoming period, and is concerned about their ability to meet their financial obligations in the short term. Following is information relating to Valley’s financial performance:

Beginning-of-period balances:

Accounts Receivable: $54,000

Accounts Payable: $27,000

Accumulated Factory Depreciation: $288,000

Cash: $13,500

Estimates for end-of-period balances:

Accounts Receivable: $67,500

Accounts Payable: $18,000

Accumulated Factory Depreciation: $296,000

Budgeted activity levels for the period:

Sales: $250,000

Purchases of Direct Materials: $44,800

Direct Labor Wages: $75,000

Manufacturing Overhead: $25,000

Selling and Administrative Expenses: $42,000

Except for purchases of direct materials, all expenses are paid as incurred.

What is the budgeted ending cash balance for the period?

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