(92) At December 31, 2011 the accounting records of Mathis, Inc. contain the following:

Accounts payable 2,500

land 30,000

building 31,250

notes payable ?

retained earnings 125,000

accounts receivable 18,750

cash ?

equipment 40,000

capital stock 12,500

Refer to the above data. If Notes Payable is $10,000, after inserting this information into the accounting equation, the December 31, 2011 cash balance is: A. $ 30,000. B. $ 50,000.C. $ 60,000.D. $130,000.