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.

Tadeo Corp. has provided a part of its budget for the second quarter: Am My Ju_n Cash collections $40,000 $40,000 $43,000 Cash payments: Purchases of direct materials 5,000 7,000 4,500 Operating expenses 7,000 7,900 4,500 Capital expenditures 4,000 10,000 20,000 The cash balance on April 1 is $13,000. Assume that there will be no nancing transactions or costs during the quarter. Calculate the projected cash balance at the end of May