Tadeo Corp. has provided a part of its budget for the second quarter Apr May Jun Cash collections $42,000 $45,000 $40,000 Cash payments Purchases of direct materials 7,000 5,000 7,200 Operating expenses 6,000 9,000 4,500 Capital expenditures 0 4,600 4,600 The cash balance on April 1 is $13,000. Assume that there will be no financing transactions or costs during the quarter Calculate the projected cash balance at the end of May O A. $68,400 OB. $55,000 O C. $87,000 OD. $18,600