Demeans 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 April.

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