The following are cash transactions incurred by Golden Company: January February March Collections 750,000 850,000 890,000 Disbursements 680,000 750,000 775,000 Beginning cash balance 120,000 What is...

The following are cash transactions incurred by Golden Company:

                                                              January                 February              March

Collections                                          750,000                 850,000                 890,000

Disbursements                                    680,000                 750,000                 775,000

Beginning cash balance                     120,000

What is the ending cash balance for January?

1. P 70,000


2. P 190,000


3. P 290,000


4. P 405,000