Partial financial information for a company is as follows

Beginning cash balance $1,200

Received cash from sales of goods $15,000

Paid wages and salaries $4,500

Received cash from non-trading securities$5,000

Paid cash for plant assets$6,000

Received cash from loans$8,000

Paid cash in repayment of loans$2,000

What is the ending cash balance for this company?

$20,000

$18,700

$16,700

$15,500