Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget:

Beginning cash balance on June 1: $94,300

Cash receipts from sales $414,500

Budgeted cash disbursements for purchases: $269,500

Budgeted cash disbursements for salaries: $95,300

Other budgeted cash expenses: $57,300

Cash repayment of bank loan: $32,300

Budgeted depreciation expense: $34,300

A. $111,700

B. $54,400

C. $86,700

D. $77,400