The preclosing trial balance of the General Fund for the City of KAYI shows the following balances at the end of its fiscal year. Estimated revenues - property taxes 850,000, Estimated revenues - licenses and fees 70,000, Estimated revenues - investment income 5,000, Appropriations - salaries 800,000, Appropriations - utilities 50,000, Appropriations - equipment 85,000. Revenues- Property taxes $850,000, Revenue- Licenses and fees 70,000, Revenue- Investment income 2,000. Expenditures- Salaries 795,000, Expenditures-Utilities 49,000, Expenditures- Equipment 82,000. Cash 65,000, Property taxes receivable 10,000. Voucher payable $29,000. Fund balance beginning $50,000. Fund balance at the end of the period

a.

$60,000

b.

$50,000

c.

$40,000

d.

$46,000