Rising Sparks Co. 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 Rising Spark's financial performance:
Beginning-of-period balances:
Accounts Receivable: $4,000
Accounts Payable: $2,500
Accumulated Factory Depreciation: $4,000
Cash: $3,500
Estimates for end-of-period balances:
Accounts Receivable: $3,000
Accounts Payable: $2,000
Accumulated Factory Depreciation: $5,000
Budgeted activity levels for the period:
Sales: $15,000
Purchases of Direct Materials: $8,000
Direct Labor Wages: $4,000
Manufacturing Overhead: $4,500
Selling and Administrative Expenses: $3,000
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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The Answer of Rising Sparks Co. 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 Rising Spark's financial performance:
Beginning-of-period balances:
Accounts Receivable: $4,000
Accounts Payable: $2,500
Accumulated Factory Depreciation: $4,000
Cash: $3,500
Estimates for end-of-period balances:
Accounts Receivable: $3,000
Accounts Payable: $2,000
Accumulated Factory Depreciation: $5,000
Budgeted activity levels for the period:
Sales: $15,000
Purchases of Direct Materials: $8,000
Direct Labor Wages: $4,000
Manufacturing Overhead: $4,500
Selling and Administrative Expenses: $3,000
Except for purchases of direct materials, all expenses are paid as incurred.
What is the budgeted ending cash balance for the period?