Question 16 Incorect Mark 0.00 out of 1.00 Flap question Tako Corp has provided a part of its budget for the second quarter Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures Apr May Jun $40,000 $45,000 $42,000 7200 4500 4500 7000 7000 7000 20,000 4000 20.000 The cash balance on April 1 is $12,000 Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. Select one: A. $47,300 B $52,000x C. $15,500 D. $62,800