ABC Corp. has prepared a preliminary cash budget for the 3rd quarter as shown below:

Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of September.

A) $8,500

B) $2,400

C) $7,000

D) $900

Cash Budget Beginning cash balance Plus: Cash collections Cash available Less: Cash payments: Purchases of inventory Operating expenses Capital expenditures Ending cash balance Jul Aug $32,000 $4,400 49,400 51,000 $81,400 $55,400 36,000 41,000 10 $4,400 9,000 30,500 9,000 $6,900 Sep $6,900 44,600 $51,500 11,000 30,900 7.700 $1,900