Wininger Company Is Preparing a Cash Budget for the Month

Multiple Choice

Wininger Company is preparing a cash budget for the month of June.The following information is available:
$\begin{array}{ll}\text { Cash Balance, May 31, } 2015 & \$ 20,000 \\\text { Cash collections from customers in June } & 46,000 \\\text { Cash paid for merchandise in June } & 42,000 \\\text { Paid operating expenses in June } & 12,000 \\\text { Purchase furniture for cash in June } & 3,000 \\\text { Depreciation expense in June } & 2,000 \\\text { Amortization expense in June } & 4,000\end{array}$
The minimum cash balance desired is $10,000.What is the deficiency of cash before financing at June 30,2015?

A) $(1,000)
B) $(3,000)
C) $(7,000)
D) $(11,000)