Cornish Company Is Preparing a Cash Budget for the Month

Multiple Choice

Cornish Company is preparing a cash budget for the month of June.The following information is available:
$\begin{array}{ll}\text { Cash Balance, May 31, } 2015 & \$ 11,000 \\\text { Cash collections from customers in June } & 43,000 \\\text { Depreciation expense in June } & 10,000 \\\text { Cash paid for equipment in June } & 20,000 \\\text { Cash paid for merchandise in June } & 20,000 \\\text { Cash paid for operating expenses in June } & 20,000 \\\text { Cash dividend paid in June } & 5,000\end{array}$
The minimum cash balance desired is $5,000.What are the net cash receipts and disbursements for the month of June?

A) $(2,000)
B) $(3,000)
C) $(22,000)
D) $(32,000)