Nobell. Inc. has a cash balance of $20,000 on April 1, 2015. They are now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: There are no budgeted capital expenditure or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of April. $22,000 $35,700 $23,700 $22,400 Nobell Inc. has cash balance of $20,000 on April 1,2015. They are now preparing the cash budget for the second quarter. Budget cash collections and payments are as follows: There are no budgeted capital expenditure or financing transactions during the quarter. Based on the above data, Calculate the projected cash balance at the end of May. $22,000 $21,900 $23,700 $46,100