ABC Corp. has provided a part of its budget for the 2nod quarter:

The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter.

Calculate the cash balance at the end of May.

Cash collections Cash payments: Purchases of inventory Operating expenses Capital expenditures Apr May June $40,000 $45,000 $52,000 4,500 7,900 10 7,200 5,600 20,000 4.500 9,000 4,600