Hutchinson, Inc. provides the following data taken from its third quarter budget: J_u| $9 $52 Cash collections $68,000 $40,000 $43,000 Cash payments: Purchases of direct materials 35,000 31,000 30,000 Operating expenses 12,000 19,000 20,000 Capital expenditures 0 33,000 8,000 The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. 0 A. $26,000 0 B. $33,000 0 c. $11,000 0 D. $32,000 Verle, Inc. has a cash balance of $22,000 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 $22,000 $25,000 $25,000 Cash payments: Purchases of direct materials 5,800 4,000 5,000 Operating expenses 3,500 5,300 5,000 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 May. 0 A. $25,000 0 B. $55,700 0 c. $59,700 0 D. $50,400