5- Suppose that the opening balance sheet of a company has a debit balance in the accounts receivables for 3.000TL, a credit balance in the accounts payables for 2.000TL and a credit balance in the equity for 1.000TL only. In that single year, the following transactions occur: - One of the customers pays his 1.400 TL amount of debt by check. - The company immediately pays its 1.200 TL amount of debt by endorsing these checks. - After a while, another customer pays 900 TL cash for an outstanding debt. - The company deposits 800 TL of this amount to its bank. - Then, the company decides to pay one half of its debts via EFT, and the other half of its debts by issuing its own checks. - Lastly, the payee cashes these checks from the bank. Assuming that there are no more transactions throughout the year, what would be the cash and cash equivalents balance at the end of that year? a) 1.000TL b) 300TL c) 700TL