10. Felton Manufacturing provides the following data excerpted from its 3rd quarter budget Jul $50,000 Aug $40,000 Sep $48,000 Cash collections Cash payments: Purchases of inventory Operating expenses Capital expenditures 31,000 1 12,000 22,000 9,000 25,000 18,000 11,600 10. Felton Manufacturing provides the following data excerpted from its 3rd quarter budget Jul $50,000 $50 Aug $40,000 Sep $48.000 Cash collections Cash payments: Purchases of inventory Operating expenses Capital expenditures 31,000 12,000 22,000 9,000 25,000 18,000 11,600 The cash balance at June 30 is proiected to be $4.000. Based on the above data, how much shortfall (deficit balance) is the company projected to have at the end of August A. $6,500 B. $5,000 C. $2,700 n $4 770