Gamma Corp -Refer to the Table Above,Subsequently, the Marketing Department Revised Its

Gamma Corp. has prepared a preliminary cash budget for the 3^rd quarter as shown below: $$\begin{array} { | l | r | r | r | } \hline \text { Cash Budget } & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Beginning cash balance } & \$ 32,000 & \$ 4,400 & \$ 6,900 \\\hline \text { Plus: Cash collections } & \underline { 49,400 } & 51,000 & \underline { 44,600 } \\\hline \text { Cash available } & \$ 81,400 & \$ 55,400 & \$ 51,500 \\\hline \text { Less: Cash payments: } & & & \\\hline \text { Purchases of inventory } & 36,000 & 9,000 & 11,000 \\\hline \text { Operating expenses } & 41,000 & 30,500 & 30,900 \\\hline \text { Capital expenditures } & 0 & 9,000 & \underline { 7,700 } \\\hline \text { Ending cash balance } & \$ 4,400 & \$ 6,900 & \$ 1,900 \\\hline\end{array}$$
-Refer to the table above,Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of July.

A) $8,500
B) $2,400
C) $7,000
D) $900