Using the information below, compute the ending balance for cash. Alpha keeps its accounting records on a cash basis during the year. At year-end, it converts its books to the accrual basis for preparing its financial statements. At the end of 2019 (the first year of operation), Alpha reported the following balances on its post-closing trial balance after converting to accrual basis. December 31, 2019 (accrual) Debit Credit Cash $ 4,000 Accounts receivable 8,000 Supplies 6,000 Inventory 20,000 Equipment 40,000 Accumulated depreciation $ 8,000 Accounts payable (for inventory) 12,000 Salaries payable 8,000 Uneamed sales revenue 2,000 Income tax payable 6,000 Common stock 36,000 Retained earnings 6,000 $78,000 $78,000 At the end of 2020, Alpha again converted its books from cash basis to accrual basis, and prepared a balance sheet and income statement on an accrual basis. The following information was available as of December 31, 2020 Cash receipts from customers $152,000 Other information: Alpha owed vendors (for inventory) $18,000 Cash payments Customers owed Alpha 12,000 For supplies $ 8,000 Alpha owed employees 14,000 To vendors (for inventory) 40,000 Physical count of ending inventory 26,000 To employees 48,000 Physical count of ending supplies 4,000 To stockholders 4,000 Ending unearned sales revenue 8,000 For other operating expenses (OE) 30,000 Income tax rate for 2020 25% For the 2019 taxes paid on March 15, 2020 6,000 (Satisfies the 2019 income tax liability - see the 2019 trial balance) Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the balance given for other operating expenses (OE) is the same for both cash and accrual. Alpha uses the periodic inventory system, Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the balance given for other operating expenses (OE) is the same for both cash and accrual. Alpha uses the periodic inventory system. $24,000 The correct answer is not listed. O $20,000 $12,000 $16,000