Use the following information to answer the question: Cash Receipts Cash Payments January $80,000 $60,000 February $70,000 $25,000 March $40,000 $50,000 The cash balance on January 1 was $10,000. The cash balance at the end of February would be: Select one: O a. $75,000 O b. $70,000 O c. $55,000 O d. $45,000 O e. None of these