Nikolas Industries Has a Cash Balance of $20,000 on July

Nikolas Industries has a cash balance of $20,000 on July 1, 20x8.The company is in the process of preparing the cash budget for the third quarter, with budgeted cash collections and payments as follows: There are no budgeted capital expenditures or financing transactions during the quarter.Using the data above, what is the projected cash balance at the end of September?

A) $46,100.
B) $54,600.
C) $35,700.
D) $57,000.
E) None of these amounts is correct.