Chaterlain Company Is Preparing Its Budget for the 3^rd Quarter

Multiple Choice

Chaterlain Company is preparing its budget for the 3^rd quarter. Cash balance at June 30 was $11,000. Additional budgeted data is provided here:
$$\begin{array} { | l | r | r | r | } \hline &{ \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 42,000 & \$ 51,000 & \$ 39,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purdhrses of invertory } & 14,000 & 9,000 & 11,000 \\\hline \text { Operating Experses } & 25,000 & 22,700 & 30,900 \\\hline \text { Capital expenditures } & 5,200 & 9,000 & 14,000 \\\hline\end{array}$$
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What amount should be shown in the cash budget for the cash balance at the end of July?

A) $19,100
B) $8,800
C) $9,050
D) $2,200