66. Diamond Company is preparing a cash budget for the month of July. The following information is available: Cash Balance, June 30, 2019 Cash collections from customers in July Cash paid for merchandise in July Cash paid for operating expenses in July Paid cash dividend in July $11,000 43,000 20,000 20,000 5,000 The minimum cash balance desired is $5,000. What is the cash balance on July 31, 2019? A $12,500 B $11,000 $9,000 $7,500