What is the beginning cash balance for the budget period, January 20X4?

(Use the following data to answer this question.)

Question 29 options:

A)

$30,000

B)

$50,000

C)

$20,000

D)

$40,000

BALANCE SHEETS ASSETS 12/32/20X2 12/31/2 0X3 CASH S40,000 S50,000 80,000 120,000 ACCOUNT RECEIVABLE 30,000 15,000 OTHER CURRENT ASSETS 185,000 TOTAL CURRENT ASSETS 150,000 25,000 20,000 OTHER ASSETS (NET) $175,000 $205,000 TOTAL ASSETS EQUITIES $25,000 $35,000 ACCOUNT PAYABLE 5000 5,000 TAX PAYABLE 20,000 25,000 NOTES PAYABLE TOTAL CURRENT LIABILITIES 55,000 60,000 65,000 LONG TERM DEBT 50,000 CAPTIAL STOCK 50,000 50,000 20,000 30,000 RETAINED EARNINGS NETWORK TH 70,000 80,000 $175,000 $205,000 TOTAL EQUITIES 20X3 MONTLY & ANNUAL INCOME STATEMENTS NOVEMBER FULL YEAR DECEMBER 54,000 S45,000 EARNINGS S608,000 COST OF CONSTRUCTION LABOR 10,000 10,250 122,000 L30,500 23,500 334,000 MATERIALS 40,500 33750 456,000 TOTAL DIRECT COST 131500 11.250 152,000 GROSS MARGIN VARIABLE OPER. EXPENSE 1080 900 12160 AUTO AND TRUCK 1.620 D1.350 18240 INDIRECT LABOR 2,700 2.250 30,400 TOTAL VARIABLE OPER. EXP FIXED OPER EXPENSE SALARIES L3,000 3,000 96,000 OTHER 3000 3000 36,000 TOTAL FIXED OPER EXPENSE 13 700 13.250 162,400 TOTAL OPER. EXPENSE -S200 -$2,000 S10,400 NET PROFIT