Janeway, 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 S26,000 $26,000 $24,000 Pier Cash collections Cash payments: Purchases of direct materials Operating expenses 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 June. 4,0005,300 6,200 ,0000 A. S48.000 O B. S55,100 OC. S66.900