Vetto, Inc has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter Budgeted cash cotections and payments are as follows Apr May Jun Cash collections $20,000 $22.000 $25,000 Cash payments Purchases of direct materials 5 800 6,000 6 800 Operating compenses 4.600 5300 5300 There are no bodgeted 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 522.000 OB 545.600 OC. 551.600 OD$40.300