Diemans Corp. has provided a part of its budget for the second quarter:

Cash collections: April $40,000, May $45,000, June $52,000

Cash payments:

Purchases of inventory: April 4,500, May 7,200, June 4,500

Operating expenses: April 7,900, May 5,600, June 9,000

Capital expenditures: April 0, May 20,000, June 4,600

The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.