1. Consider the following:

Time Period	1	2	3	4
Total cost Receipts	$20,000	$30,000	$50,000	$60,000
Total Cost Disbursements	$15,000	$36,000	$59,000	$44,000

The organization must maintain a $5,000 cash balance. At the end of a period, automatic deposits (loans) are made to the firm's checking account by the bank for any deficiency. These loans must be repaid the following period. The cash receipts and cash disbursements in the schedule above do not include these loans or the repayment of the loans. Assuming there is no beginning cash balance at Period 1, what will be the amount of the deposit (loan) at the end of Period 3 (ignore interest)?

A)$ 9,000

B) $15,000

C) $12,000

D) $ 1,000

E) None of the above