Verte, Inc has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter Budgeted cash collections and payments are now Apr May Jun Cash collections $20,000 520000 $24000 Cash payments Purchases of direct materials 5.800 5,800 7000 Operating expenses 6,000 5,300 5.000 There are no budgeted capital expenditures or financing transactions during the quarter Based on the above data calculate the projected cash balance at the end of May O A $46,400 OB. 541,100 OC. $52,200 OD. $20,000