On August 1, 2022, Jimmy Goodman organized the advertising firm of SG Productions Inc., which uses cash basis accounting. The following cash transactions were completed during the month of August: A. Jimmy contributed $20,000 cash in exchange for 100% of the common stock of SG Productions Inc. B. SG Productions Inc. borrowed $5,000 by issuing a Note Payable to Mesa Verde Bank C. SG Productions Inc. received $9,500 in fees from clients for services performed during the month of August D. SG Productions Inc. paid salaries for the month of August of $7,000 Compute SG Production Inc.'s ending balance in cash on August 31, 2022, after all transactions have been recorded. 20,500