A business started the month with a credit balance in the Cash at Bank account of $3,200. The following transactions occurred during the month. The business recorded revenue of $12,500 of which $5,700 is collected in cash with the balance on account. The business borrowed $3,500 from Hong Kong Bank. The business paid a cash dividend of $1,200 and interest on the account charged by the bank was $120. The closing balance of Cash at Bank account is:

Select one:

a.$8,900

b.$6,000

c.$4,680

d.$1,180

e.None of the above