Tortilla Corp. has provided a part of its budget for the second quarter Apr May Jun Cash collections Cash payments Purchases of direct materials Operating expenses $40,000 $40,000 42,000 4,500 20,000 7,200 7,000 10,000 7,000 7,000 4,000 Capital expenditures The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. OA. $54,000 B. $18,000 C. $51.800 O D. $69,800