Adzac Corporation has the following budget data for the year 2022. Budget: Dec. 31, 2021 Ending...

  

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Adzac Corporation has the following budget data for the year 2022. Budget: Dec. 31, 2021 Ending Inventory Dec. 31, 2022 Ending Inventory Inventory Purchases Depreciation Expense Budget Gen. Administrative Expense Budget Selling Expense Budget Rent Expense Budget Salaries Expense Budget Insurance Expense Budget 78,651 77,422 830,193 89,825 93,995 137,450 156,308 219,892 54,390 The sales budget is based on a target gross margin of 84% of sales. Cash balance by Dec. 31, 2021 is expected at $143,134, while total cash receipts for 2022 at $1,499,072. Calculate the ending cash balance before financing. Answer up to two decimal places. Indicate negative sign as necessary. 4 Adzac Corporation has the following budget data for the year 2022. Budget: Dec. 31, 2021 Ending Inventory Dec. 31, 2022 Ending Inventory Inventory Purchases Depreciation Expense Budget Gen. Administrative Expense Budget Selling Expense Budget Rent Expense Budget Salaries Expense Budget Insurance Expense Budget 78,651 77,422 830,193 89,825 93,995 137,450 156,308 219,892 54,390 The sales budget is based on a target gross margin of 84% of sales. Cash balance by Dec. 31, 2021 is expected at $143,134, while total cash receipts for 2022 at $1,499,072. Calculate the ending cash balance before financing. Answer up to two decimal places. Indicate negative sign as necessary. 4

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