Duffy Corp. has provided a part of its budget for the second quarter: Apr May Jun $40,000 $40,000 $42,000 Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures 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 6,000 6,000 20,000 5,000 5,600 6,000 6,000 10,000 OA. OB. OC. OD. $71,400 $51,400 $22,000 $54,000