The budget of the general fund of the city of Glen shows an appropriation for capital equipment of $180,000, So far, a fire engine ordered with estimated cost of $80,000, received with invoice of $75,000, and paid for, Another fire engine, expected to cost $40,000, has been ordered and an encumbrance for this amount is outstanding, How much can the city legally spend for a third fire engine this year?

a.

$65,000

b.

$60,000

c.

$0

d.

$180,000

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