Fulkron, Inc provides the following data taken from its third quarter budget

Jul Aug Sep
Cash collections $67,000 $41,000 $43,000
Cash payments:
Purchases of direct materials 52,000 49,000 25,000
Operating expenses 12,000 19,000 23,000
Capital expenditures 0 35,000 6,000

The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.
A) $35,000
B) $(59,000 )
C) $(48,000 )
D) $14,000

C .C)
July Aug Sep
Beginning cash balance $11,000 $14,000 $(48,000 )
Plus: Cash receipts 67,000 41,000 43,000
Cash available $78,000 $55,000 -$5,000
Less: Cash payments
Purchases of direct materials 52,000 49,000 25,000
Operating expenses 12,000 19,000 23,000
Capital expenditures 0 35,000 6,000
Ending cash balance $14,000 $(48,000 ) $(59,000 )