Hutchinson, Inc. provides the following data taken from its third quarter budget: Cash collections July $67,000 August $39,000 September $43,000 Cash payments: Purchases of direct materials 37,000 32,000 25,000 Operating expenses 10,000 16,000 24,000 Capital expenditures 0 34,000 8,000 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.