Juan is determining the cost for his first year in college. After researching, he figures that the total cost for tuition and fees for the year will be about $43,800. There is an additional boarding cost of $4,132. Juan has received an $8,000 scholarship for his freshman year. In addition, Juan's parents have saved $84,000 toward his continued education, and his grandmother will contribute an additional $5,000 as a gift each year. The parents intend to distribute the savings equally for each year at the 4 year college. If Juan uses the yearly portion of his parents' savings, scholarship money, and his grandmother's gift, what is the remaining balance for Juan to pay for his freshman year?
A) $13,932
B) $18,250
C) $21,750
D) $9,800