question 12

solve below

Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $38,000 $45,000 Cash payments: Purchases of direct materials 37,000 31,000 50,000 Operating expenses 10,000 19,000 20,000 Capital expenditures o 35,000 6,000 The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. O A. $35,000 B. $34,000 C. $13,000 OD. $44,000