Hutchinson, lnc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $67,000 $42,000 $41,000 Cash payments: Purchases of direct materials 37,000 31 ,000 48,000 Operating expenses 8.000 20,000 21,000 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. $7,000 0 B. $35,000 0 C. $37,000 0 D. $41,000