ladeo Corp has provided a part of its budget for the second quarter Apr May Jun Cash collections $43,000 $43,000 $42,000 Cash payments: Purchases of direct materials Operating expenses 4,500 7,000 7,000 5,000 5,600 4,500 Capital expenditures 0 20,000 10,000 The cash balance on April 1 is $13,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May OA. $56,000 OB. $54,900 OC. $87,500 OD. $32,600