Edelmar Corp. has prepared a preliminary cash budget for the third quarter as shown below: Cash Budget July Aug Sep Beginning cash balance $36,000 $15,000 $19,000 Plus: Cash collections $56,000$51,000 45,800 Cash available 92,000 $66,000 $64,800 Less: Cash payments: Purchases of direct Imaterials 36,000 9000 10,000 Operating expenses 40,000 30,000 30,700 Capital expenditures 1000 8000 7000 Ending cash balance $15,000 $19,000 $17,100 Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $53,000 in July, $55,000 in August, and $44,000 in September. Based on the new data, calculate the new projected cash balance at the end of July