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Southern Pacific is preparing a cash budget for February. The company has $16,000 cash at the beginning of February and expects to receive $124,800 in

Southern Pacific is preparing a cash budget for February. The company has $16,000 cash at the beginning of February and expects to receive $124,800 in cash. Southern Pacific also budgets for $133,500 in cash disbursements during the month. Southern Pacific wants to maintain a minimum cash balance of $10,000. What is the preliminary cash balance at the end of February before any borrowing or investing takes place?:

A) 140,800

B) 17,300

C) (8,700)

D) 26,000

E) 7,300

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