Company A has compiled the following data for its preliminary cash budget for the third quarter: July August Sept Cash collections $49,400 $51,000 $44,600 Inventory purchases (36,000) (9,000) (11,000) Operating expenses (41,000) (30,500) (30,900) Capital expenditures (9,000) (7,700 The beginning cash balance on July 1 is expected to be $32,000. After the above data was compiled, the marketing department revised its figures for cash collections as follows: July $52,000, August $50,000, and September $42,000. Based on the new data, what is the new projected cash balance on September 30? O $8,500 O $2,400 O $7,000 O $900