BTS Company started its commercial operations in 2019. Balances at the end of the year amounted to Php 20,000 for cash, Php 50,000 for property and equipment - net of depreciation, Php 20,000 for equity balance before net income, and Php 50,000 for net income earned during the year. In 2020, BTS Company earned Php 130,000 in revenue, incurred Php 75,250 for cost of services, and Php 7,500 depreciation expense. Compute for the ending cash balance for the year 2020. a. Php 47,250 b. Php 81,750 c. Php 66,750 d. Php 74,750