Bluefoot Pty Ltd made the following estimates for the three months ending 31 March. This is Bluefoot Pty Ltd's first period of operation and their starting cash balance is $5000. What is the estimated cash balance at 31 March?

Estimates:

Cash receipts fromsales$600,000

Cash payments forexpenses260,000

Purchase of fixed assets ($10,000 will not be paid until April) $40,000

Depreciation of fixedassets8,000

Repayment of bankloan50,000

A) Surplus of $255,000

B) Surplus of $272,000

C) Surplus of $252,000

D) Surplus of $265,000