The Goodman Corporation completed the following transactions for the month: 1 Owners begin company by investing $50,000 4 Purchased $5,000 of office equipment 6 Purchased $20,000 of inventory on account 9 Sold $17,000 of the inventory to customers for $25,000 15 Paid for 25% of the inventory purchased on the 6th 20 Purchased another $10,000 of inventory on account 24 Sold $5,000 of the inventory to customers on account for $12,000 Based on the transactions above, what is the companys cash balance at the end of the month? A. 50,000 B. 65,000 C. 77,000 D. 40,000 E. None of the above

Answer: B Explain please