1 Burns Corp. has provided a part of its budget for the second quarter: The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June. Apr May Jun Cash collections $42.000 $43.000 $45.000 Cash payments: Purchases of direct materials 4.500 7.000 4.500 Operating expenses 6.000 7.000 4.500 Capital expenditures 20,000 20.000 10.000 Minimized View $79,500 $25,500 $60,500 $34.500