On a typical day, a company writes 56 checks worth a total of $8,840 that clear in 3.25 days. The company also collects 68 checks worth a total of $10,340 that clear in 2.75 days. Is this a collection or disbursement float? What is the amount of the float?

• A disbursement float of $1,500

• A collection float of $295

• A collection float of $452

• A disbursement float of $295

• A collection float of $1,500