A Firm Has $18,020 in Outstanding Cheques That Have Not

A firm has $18,020 in outstanding cheques that have not cleared the bank. The firm also has $23,500 in deposits that have been recorded by the firm but not by the bank. The current available balance is $2,640. What is the status of the net float?

A) Net collection float of $2,840.
B) Net collection float of $5,480.
C) Net collection float of $8,120.
D) Net disbursement float of $2,840.
E) Net disbursement float of $5,480.