In preparing its bank reconciliation at March 31, Hilltop Company has the following information:

Cash balance per bank statement $148,200

Cash balance per general ledger 152,000

Deposits in transit 23,000

Outstanding checks 23,000

Deposit erroneously recorded by bank in Hilltops account

On March 12 1,000

Bank service charges for march 200

NSF check returned by bank 4,600

What is the proper cash balance at march 31 for balance sheet purposes?

a. $143,000

b. $147,000

c. $147,200

d. $148,200