Pavone Corp has prepared a preliminary cash budget for the third quarter as shown below

Cash Budget Jul Aug Sep
Beginning cash balance $36,000 $11,400 $16,900
Plus: Cash collections $49,400 $53,000 44,800
Cash available 85,400 $64,400 $61,700
Less: Cash payments:
Purchases of direct materials 35,000 9,000 11,000
Operating expenses 39,000 30,500 30,700
Capital expenditures 0 8,000 7,000
Ending cash balance $11,400 $16,900 $13,000

Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $57,000 in July, $56,000 in August, and $44,000 in September. Based on the new data, calculate the new projected cash balance at the end of September.
A) $27,500
B) $13,000
C) $19,000
D) $22,800

D .D)
Cash Budget Jul Aug Sep
Beginning cash balance $36,000 $19,000 $27,500
Plus: Cash collections $57,000 $56,000 44,000
Cash available $93,000 $75,000 $71,500
Less: Cash payments:
Purchases of direct materials 35,000 9,000 11,000
Operating expenses 39,000 30,500 30,700
Capital expenditures 0 8,000 7,000
Ending cash balance $19,000 $27,500 $22,800