Urbana Corps internal cash records showed a balance of $52,000 at 12/31/23. Their bank statement showed a balance of $47,440 on the same date. The bank statement showed deposits of $424,400 and disbursements of $411,360 made during the period. The bank statement also showed a monthly fee of $50 and an NSF check of $2,400. Urbanas records showed deposits of $427,000 and disbursements of $412,000. In comparing bank deposits and deposits per company records, Urbanas accountants realized that theyd misrecorded one deposit, and as a result the companys deposit record was overstated by $150. There were no deposits in transit or outstanding checks in the previous period. What is the companys true cash balance at 12/31/23?

$49,550

$51,800

$49,400

$47,440