Apr May Jun $40,000$40,000$40,000 Cash collections Cash payments: Purchases of direct materials Operating expenses 6000 7900 7000 Capital expendituresO 10,00 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 April. 00072004500 A) $85,400 B) $42,000 C) $56,900 D) $54,000