A company had a credit sales of 32000 and cash sales of $12000 during the month of May. Also, during May, the company paid wages of $12000 and utilities of $3800. It also received payments from customers on account totaling $4000. At the beginning of May, the company had a cash balance of $27000. What is the companys cash balance at the end of May

A- $29,000

B- $27,2000

c- 43,000

D- 23,200