Nobell Inc -Refer to the Table Above,There Are No Budgeted Capital Expenditures

Nobell Inc. has a cash balance of $20,000 on April 1, 2015. They are now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: $$\begin{array} { | l | r | r | r | } \hline & \text { Apr } & \text { May } & \text { June } \\\hline \text { Cash collections } & \$ 25,000 & \$ 22,000 & \$ 20,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 5,800 & 7,000 & 6,200 \\\hline \text { Operating expenses } & 3,500 & 4,600 & 5,300 \\\hline\end{array}$$
-Refer to the table above,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) $22,000
B) $21,900
C) $23,700
D) $46,100