Use the following information to answer the given question
$\begin{array}{cc}& Le\\ \text{Cash in hand}& 15,000\\ \text{Balances as at 1st January, 2005:}& \\ \text{Subscriptions in arrears}& 6,000\\ \text{Subscription in advance}& 2,500\\ \text{Subscriptions received}& 18,000\\ \text{Expense for the year}& 6,500\\ \text{Balances as at 31st December, 2005:}& \\ \text{Subscriptions in arrears}& 3,000\\ \text{Subscriptions in advance}& 1,500\end{array}$
Accumulated fund at the beginning of the year was

A. Le 23,500
B. Le 18,500  
C. Le 11,500
D. Le 13,000

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Correct Answer: B