Edelmar Corp Subsequently,the Marketing Department Revised Its Figures for Cash Collections

Edelmar Corp.has prepared a preliminary cash budget for the third quarter as shown below: $$\begin{array} { | l | r | r | r | } \hline \textbf { Cash Budget } & { \textbf { July } } & { \textbf { Aug } } & { \textbf { Sep } } \\\hline \text { Beginning cash balance } & \$ 36,000 & \$ 15,000 & \$ 19,000 \\\hline \text { Plus: Cash collections } & \underline{\$ 56,000} &\underline{ \$ 51,000 }& \underline { 45,800 }_{} \\\hline \text { Cash available } & 92,000 & \$ 66,000 & \$ 64,800 \\\hline \text { Less: Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 36,000 & 9000 & 10,000 \\\hline \text { Operating expenses } & 40,000 & 30,000 & 30,700 \\\hline \text { Capital expenditures } & \underline { 1000 } & \underline{8000} & \underline{7000}_{} \\\hline \text { Ending cash balance } & \underline{\$ 15,000} & \underline{\$ 19,000} & \underline{\$ 17,100}_{} \\\hline\end{array}$$ Subsequently,the marketing department revised its figures for cash collections.New data are as follows: $53,000 in July,$55,000 in August,and $44,000 in September.Based on the new data,calculate the new projected cash balance at the end of July.

A) $20,000
B) $15,000
C) $12,000
D) $16,300