Griswald Inc The Company Has a Beginning Cash Balance on 1 January

Multiple Choice

Griswald Inc.would like to prepare a summary cash budget for the first quarter of 2009.The following information from the cash receipts and cash disbursements budgets are available:
$\begin{array}{rrr}&\underline{\text { January}} &\underline{\text { February } }&\underline{\text { March }}\\\text { Cash receipts }&\$ 50000 & \$ 72000 & \$ 80000 \\\text { Cash disbursements }&42000 & 75000& 71000\end{array}$
The company has a beginning cash balance on 1 January 2009 of $5000.No other receipts and disbursements in the first quarter are expected.What is the cash balance at the end of March expected to be?

A) $14 000
B) $19 000
C) $ 9000
D) $34 000