Tampa Inc. is working on its Cash Budget for the first quarter of next year. They have collected the following information from other budgeted financial statements: Direct Labor Dollars $37,000, Manufacturing Overhead Cash Disbursement $23,000, Beginning Cash Balance $52,000, Cash Collections from Customers $98,000, Direct Materials Cash Disbursement $26,000, Selling and Administrative Cash Disbursement $7,000, and Equipment Purchases Cash Disbursement $3,000. What is their cash balance at the end of the first quarter? a.) $54,000 b.) $150,000 c.) $96,000 d.) $98,000