Nobell Ltd Has a Cash Balance of $22,000 on 1

Multiple Choice

Nobell Ltd has a cash balance of $22,000 on 1 April 2017.It is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:
$$\begin{array} { | l | l | l | l | } \hline & \text { Apr } & \text { May } & \text { June } \\\hline \text { Cash collections } & \$ 25,000 & \$ 22,000 & \$ 24,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & \$ 300 & 4600 & 4000 \\\hline \text { Operating expenses } & \$ 000 & 6000 & 5300 \\\hline\end{array}$$
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.

A) $57,700
B) $22,000
C) $47,100
D) $53,100