A company had credit sales of $48,000 and cash sales of $13,000 during the month of May. Also during May, the company paid wages of $16,000 and utilities of $4800. It also received payments from customers on account totaling $4000. At the beginning of May, the company had a cash balance of $30,000. What is the company's cash balance at the end of May?

Question 29 options:

A)

$22,200

B)

$43,000

C)

$26,200

D)

$47,000