Duffy Corp. has provided a part of its budget for the second quarter: 5 The cash balance on April i 14000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April. Jun Apr p May 40,000$40,000 $52,000 Cash collections Cash payments 4500 Purchases of direct materials 5000 4500 Operating expenses 7000 5000 10,000 Capital expenditures Minimized View O $95,800 $54,000 O $37,300 $65,300