Clover Products Company has the following data as part of its budget for the 2nd quarter:
| April |
May |
June |
| Cash collections |
$30,000 |
$32,000 |
$36,000 |
| Cash payments: |
| Purchases of inventory |
4,500 |
4,600 |
3,800 |
| Operating expenses |
10653
|
7,600 |
8,000 |
| Capital expenditures |
0 |
24,500 |
5,200 |
The cash balance at April 1 is forecast to be $9478. Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at April 30?