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If the following projections have been made, what is the projected ending cash balance? Cash...

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Accounting

If the following projections have been made, what is the projected ending cash balance?

Cash sales, $380,000

Beginning cash balance, $30,000

Operating expenses of $420,000, including depreciation of $20,000

Interest expense of $12,000 is included in operating expenses

Borrowing $50,000

End-of-period accrued liabilities of $20,000 for operating expenses

a. $80,000

b. $40,000

c. $52,000

d. $48,000

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