11) Silent Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2010 $11,000 Cash collections from customers in June 43,000 Cash paid for merchandise in June 20,000 Cash paid for operating expenses in June 20,000 Paid cash dividend in June 5,000 The minimum cash balance desired is $5,000. What is the cash balance on June 30, 2010? A) $10,000 B) $8,000 C) $9,000 D) $13,000