Eudora, Inc. has a cash balance of

$ 20 comma 000$20,000

on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows:

	Apr	May	Jun
Cash collections	$ 26 comma 000$26,000	$ 24 comma 000$24,000	$ 24 comma 000$24,000
Cash payments:
Purchases of direct materials	5 comma 3005,300	6 comma 0006,000	4 comma 6004,600
Operating expenses	3 comma 5003,500	6 comma 0006,000	5 comma 0005,000

There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of June.

A.

$ 46 comma 000$46,000

B.

$ 37 comma 200$37,200

C.

$ 63 comma 600$63,600

D.

$ 49 comma 200