Use the following information to answer the next question Cash Receipts Cash Payments January $120,000 $105,000 February $160,000 $170,000 March $140,000 $110,000 The cash balance on January 1 was $35,000 The cash balance at the end of March would be: Select one: a. $35,000 O b. $40,000 O c. $70,000 d. $20,000 e. None of these