Southland Company is preparing a cash budget for August. The company has $16,700 cash at the beginning of August and anticipates $123,400 in cash receipts and $134,200 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:

$15,900.

$140,100.

($10,800).

$5,900.

$26,700.