Font Limited has been operating for years and currently employs 14 staff. The total weekly wages expense is $16,800 ($1,200 × 14 staff). Employees are entitled to four weeks of annual leave per year, with a 17.5% loading, and two weeks of sick leave.

Font Limited raised an annual provision for annual leave of $78,960 for all staff for this year. By the end of the year, staff had taken the following annual leave:

• 9 staff members took 4 weeks each

• 3 staff members took 3 weeks each

• 1 staff member took 2 weeks

• 1 staff member took 0 weeks

Assuming no other transactions have been made in relation to annual leave, what is the closing balance of the Provision for Annual Leave account at this time?

Enter only digits, no dollar sign, no comma. e.g 32567 NOT $32,567