PLEASE SHOW ALL WORK

Payout Co. prepared a preliminary cash budget for the third quarter as shown here:

Cash Budget	Jul	Aug	Sep
Beginning cash balance	$36,000	$11,400	$16,900
Plus: Cash collections	$49,400	$53,000	44,800
Cash available	85,400	$64,400	$61,700
Less: Cash payments:
Purchases of direct materials	35,000	9,000	11,000
Operating expenses	39,000	30,500	30,700
Capital expenditures	0	8,000	7,000
Ending cash balance	$11,400	$16,900	$13,000

Then, Marketing revised its budget figures for cash collections: $57,000 in July, $56,000 in August, and $44,000 in September. Based on this new data, calculate the new projected cash balance at the end of September.

A) $27,500

B) $13,000

C) $19,000

D) $22,800