Tadeo Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $40,000 $45,000 $42,000 Cash payments: Purchases of direct materials 7,200 4,500 6,000 Operating expenses 7,200 7,900 7,200 Capital expenditures 0 5,000 10,000 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. O A. $17,400 O B. $65,200 O C. $82,600 OD. $52,000