Jaborosa,Inc A Minimum Cash Balance of $250,000 Is Required to Be

Jaborosa,Inc.,a merchandising company,has provided the following budgeted amounts for the next budget period. $$\begin{array} { | l | r | } \hline \text { Beginning cash balance } & \$ 30,200 \\\hline \text { Cash collections } & 682,000 \\\hline \text { Payments for: } & \\\hline \text { Purchases of merchandise inventory } & 350,000 \\\hline \text { Selling and administrative expenses } & 70,200 \\\hline \text { Capital expenditures } & 88,500 \\\hline\end{array}$$ A minimum cash balance of $250,000 is required to be maintained.The company can borrow in increments of $10,000 as and when required.Assume the company can borrow the needed funds at the end of the period.Calculate the ending cash balance for the budget period.

A) $712,200
B) $253,500
C) $203,500
D) $732,000