Eric Corp. has provided a part of its budget for the second quarter: The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April.A. $54,000B. S59 300C. $92,300 D. $32,300

Apr May Jun Cash collections $42.000 $45,000 $52,000 Cash payments: Purchases of direct materials 4,500 6.000 4.500 Operating expenses 7,200 7,000 4.500 Capital expenditures 10.000 5.000 10.000