Tokyo Corp. has prepared a preliminary cash budget for the third quarter as shown below: Cash Budget Jul Aug Sep Beginning cash balance $36,000 $11,000 $17,000 Plus: Cash collections $51,000 $52,000 47,400 Cash available 87,000 $63,000 $64,400 Less: Cash payments: Purchases of direct materials 34,000 8,000 10,000 Operating expenses 41,000 30,000 30,800 Capital expenditures 1,000 8,000 7,700 Ending cash balance $11,000 $17,000 $15,900 Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $56,000 in August, and $46,000 in September. Based on the new data, calculate the new projected cash balance at the end of August. A. $17,000 B. $22,000 C. $19,500 D. $12,000