Clyde, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: May Apr $24,000 $26,000 Jun $24,000 Cash collections Cash payments: Purchases of direct materials Operating expenses 4,600 5,300 4,000 5,000 6,200 6,000 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of April. O A. $34,100 O B. $24,000 OC. $44,000 O D. $39,400