Reference no: EM132379928

The table contains the Sales estimates for the next year.

• The Purchases are 59% of Sales. Purchases are paid in the following month. 
• The administrative expenses of $3,540 are paid each month
• Tax expenses of $79,864 are paid in March, June, September, and December each year.
• Rent expenses of $60,650 are paid in June and December.

What is the cash outflow for December?

Month Sales$ Month Sales$

Jan       65,083 July     80,691

Feb       44,489 Aug     67,656

Mar      67,656 Sep     65,083

Apr      80,691 Oct     67,656

May      65,083 Nov     44,489

June     44,489 Dec     80,691

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.