Ellerys Corporation writes 51 checks a day for an average amount of $457 eachThese checks generally clear the bank 2.25 days after they are writtenIn addition, the firm generally receives 48 checks with an average amount of $502 eachDeposited amounts are available after an average of 1.75 daysIs this a disbursement or collection float? What is the value of the float?

A disbursement float of $12,068 A disbursement float of $10,273 A collection float of $10,273 A disbursement float of $8,126 A collection float of $12,068