Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $30,000. Additional budgeted data are provided here: July Aug Sep Cash collections $56,000 $51,000 $54,000 Cash payments Purchases of direct materials 26,000 21,000 25,000 Operating expenses 22,000 19,000 21,000 Capital expenditures 12,000 14,000 5,000 What amount should be shown in the cash budget for the cash balance at the end of July? OA. $26,000 B. $116,000 C. $86,000 OD. $30,000