Upton Products Inc The Following Information Is Also Available:
?The Cash Balance on for the First

Multiple Choice

Upton Products Inc.would like to prepare a summary cash budget for the first quarter of 2009.The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:
$\begin{array}{lrrr}&\underline{\text { January}} &\underline{\text { February } }&\underline{\text { March }}\\\text { Cash receipts }&\$ 15000 & \$ 23000 & \$ 340000 \\\text { Cash disbursements }&13000 & 26000&30000\end{array}$
The following information is also available:
?The cash balance on 1 January 2009 was $\$ 2000$ .
?Equipment costing $\$ 4000$ will be purchased in February. A down payment of $\$ 1000$ will be made in February and payments of $\$ 1000$ will be made in each subsequent month thereafter.
?Dividends in the amount of $\$ 2000$ will be paid in March.
What is the cash balance at the end of March expected to be?

A) $(1000)
B) $ 0
C) $ 1000
D) $ 2000