Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $30,000.00. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data are provided here:

	July	Aug	Sep
Cash collections	$53,000.00	$51,000.00	$56,000.00
Cash payments
Purchases of direct materials	20,000	22,000	25,000
Operating expenses	22,000	32,000	22,000
Capital expenditures	15,000	10,000	9,000

Calculate the projected balance of cash at the end of August.

A. $17000

B. $115000

C. $27000

D. $34000