Network Company Pty Ltd made the following estimates for the three months ending 31 March. This is Network Companys first period of operation and their starting cash balance is $5 000.

Estimates:

Cash receipts from sales	$600 000
Cash payments for expenses	260 000
Purchase of motor vehicle ($10 000 will not be paid until April)	40 000
Depreciation of motor vehicle	8 000
Repayment of bank loan	50 000

What is the estimated cash balance at 31 March?

	a.	$252 000 deficit
	b.	$260 000 surplus
	c.	$265 000 surplus
	d.	$265 000 deficit
	e.	$252 000 surplus