California Products Company Has the Following Data as Part of Its

California Products Company has the following data as part of its budget for the 2^nd quarter:
$\begin{array}{|l|r|r|r|}\hline & {\text { Apr }} &{\text { May }} &{\text { Jun }} \\\hline \text { Cash collections } & \$ 30,000 & \$ 32,000 & \$ 36,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 4,500 & 4,600 & 3,800 \\\hline \text { Operating expenses } & 7,200 & 7,600 & 8,000\\\hline \text { Capital expenditures } & 0 & 24,500 &5,200 \\\hline\end{array}$
The cash balance at April 1 is forecast to be $8,200.
-Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at June 30?

A) $26,500
B) $40,800
C) $33,900
D) $21,800