(Cash balance) Jackson Fabrics has prepared a forecast for May 2000. Some of the projected information follows:
|
Income after tax |
$260,000 |
|
Accrued Income Tax Expense |
62,000 |
|
Increase in Accounts Receivable for month |
41,000 |
|
Decrease in Accounts Payable for month |
18,300 |
|
Depreciation Expense |
71,200 |
|
Estimated Bad Debts Expense |
13,100 |
|
Dividends declared |
20,000 |
Using the above information, what is the company’s projected increase in cash for May 2000?