Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $68,000 $38,000 $40,000 Cash payments: Purchases of direct materials 29,000 31,000 35,000 Operating expenses 9,000 16,000 22,000 Capital expenditures 0 32,000 8,000 The cash balance on June 30 is projected to be $10,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. 0 A. $40,000 0 B. $26,000 0 c. $32,000 0 D. $1,000