Cudahy Company Had the Following Transactions

Multiple Choice

Cudahy 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 $3,000 in inventory for 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) $2,100
B) $3,500
C) $5,000
D) $8,000