Patrick Company Had the Following Transactions

Multiple Choice

Patrick Company had the following transactions:
1) The owner started the company by investing $10,000 of cash.
2) The company paid $2,000 for six months of rent.The rent was paid in advance.
3) The company acquired $3,300 in inventory and put one-third of the purchase on account.The company paid $2,200 cash.
4) The company sold inventory costing $1,400 for $2,900 on account.
After all these transactions,what is the balance in the cash account?

A) $1,600
B) $2,900
C) $5,800
D) $8,000