A company has the following balances at year-end:

Cash at bank (saving account) $6,000

Cash on hand 2,000

Bank overdrafts (cheque account) -$500

GST refund due $300

Accounts Receivable $1,000

90-day bank acceptance bill $3,000.

What is the amount reported as Cash in the statement of financial position?

Select one:

a.$11,000

b.$7,500

c.$10,800

d.$10,500