A company has the following budgeted cash flow amounts for coming periods: - Month Amount Net Changes Inflows/Outflows Inflows 150,000 Outflows 100,000 Outflows 160,000 June 20X1 July 20X1 August 20X1 September 20X1 October 20X1 Inflows 150,000 Outflows 80,000 If the company starts on 1 June 20X1 with a positive bank balance of 120,000, how much will be the closing bank balance or September 20X1? Select one: 20X1 October 20X1 Outflows 80,000 If the company starts on 1 June 20X1 with a positive bank balance of 120,000, how much will be the closing bank balance on 30 September 20X1? Select one: O a. 80,000 (positive) bank balance O b. 40,000 (overdrawn) bank balance O c 160,000 (positive) bank balance Od 560,000 (overdrawn) bank balance