2) Diemans Corp. has provided a part of its budget for the second quarter: Apr $40,000 May $45,000 June $52,000 Cash collections Cash payments: Purchases of inventory Operating expenses Capital expenditures 4.500 7.900 0 7.200 5,600 20.000 4,500 9,000 4,609 The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. at the end of May. 2) Diemans Corp. has provided a part of its budget for the second quarter: Apr $40,000 May $45,000 June $52,000 Cash collections Cash payments: Purchases of inventory Operating expenses Capital expenditures 4.500 7.900 0 7.200 5,600 20.000 4,500 9,000 4,609 The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. at the end of May