Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $38,000 $44,000 Cash payments: Purchases of direct materials 36,000 35,000 48,000 Operating expenses 12,000 19,000 20,000 Capital expenditures 0 35,000 6,000 The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. O A. $18,000 O B. $33,000 O C. $35,000 O D. $48,000 Att 0 0 0 of