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Southland Company is preparing a cash budget for August. The company has $16,600 cash at the beginning of August and anticipates $123,600 in cash receipts

Southland Company is preparing a cash budget for August. The company has $16,600 cash at the beginning of August and anticipates $123,600 in cash receipts and $134,100 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is: A. 16100. B. 140200.C. (10500.) D. 6100. E. 26600.

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