The Goodman Corporation completed the following transactions for the month:

Date and Activity:

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 was B, explain please