Question 2 0 / 20 pts Company A is preparing its budget for the second quarter. The cash balance on March 31 was $11,000. Additional budgeted data for the second quarter is as follows: April May June Cash collections $42,000 $51,000 $39,000 Cash payments Inventory purchases 14,000 9,000 11,000 Operating expenses 25,000 22,700 30,900 Capital expenditures 5,200 9,000 14,000 What is the budgeted cash balance on June 30