Use the Following Information to Answer Questions

Use the following information to answer questions
Cyclone Inc. is a wholesaler of mattresses that began business on January 1. The company's sales policy requires 40% payment in the month of sale, 30% the next month, and 30% due the third month. Purchases will be paid 60% in the month of purchase and 40% in the following month. Cyclone expects to begin operations in January with $5,000 in cash. Cyclone's expected transactions from January to May are as follows:

-Cyclone anticipates borrowing $25,000 in May and paying for a piece of equipment costing $7,600. Given these expectations, what is May's budgeted ending cash balance?

A) $ 88,400
B) $ 93,400
C) $116,000
D) $145,000
E) none of the above