In January 2020, a company had total sales in units 2000 and total cash sales $200,000. In January, credit sales had $300,000 and collection is made 60% in the month of sale. Total credit purchase had $ 40,500 in January. Credit purchases are paid in the month of purchase 50%. The company also received a loan $200,000 from the bank and received interest income on investment $20,000 in January. The other expenses during the month of January are: payment of salary $6,500, payment of rent $10,000, bad debts $6,000, payment of interest $6,500 payment of tax $28,000. There is also variable cost per unit sold $5. What would be cash balances at the end of January under the cash budget concept. Select one: O a $517,800. O b. $512,300 O c. $508,800 O d. $510,750 O e. None of the above