Vineyard Wines opened a new store and completed the following transactions during June:

1.	Shareholders invested $125,000 cash in exchange for common stock.
2.	Purchased a delivery truck for $7,500 cash.
3.	Purchased $2,500 of wine on account. Paid $1,500 toward the outstanding account balance. At the end of the month, $200 of inventory remained on hand.
4.	Paid $3,000 for selling expenses.
5.	Sold wine to customers and collected $9,000 cash. Billed corporate clients for an additional $1,250 of wine delivered during June.

How much will the company report on its Balance Sheet as 'Cash' on June 30?

Select one:

A. $122,000

B. $131,000

C. $121,000

D. $123,250