Mary Jacobs, the controller of the Jenks Company is working on Jenks’ cash budget for year 2. She has information on each of the following items:

i. Wages due to workers accrued as of December 31, year 1.

ii. Limits on a line of credit that may be used to fund Jenks’ operations in year 2.

iii. The balance in accounts payable as of December 31, year 1, from credit purchases made in year 1.

Which of the items above should Jacobs take into account when building the cash budget for year 2?
a. I and II 

b. I and III
c. II and III 

d. I, II, and III