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

Gunda Corp.has prepared a preliminary cash budget for the third quarter as shown below: $$\begin{array} { | l | r | r | r | } \hline \textbf { Cash Budget } & { \textbf { July } } & { \textbf { Aug } } & { \textbf { Sep } } \\\hline \text { Beginning cash balance } & \$ 32,000 & \$ 5400 & \$ 10,900 \\\hline \text { Plus: Cash collections } & \underline{\$ 49,400} & \underline{\$ 53,000} & \underline { 46,800 }_{} \\\hline \text { Cash available } & 81,400 & \$ 58,400 & \$ 57,700 \\\hline \text { Less: Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 36,000 & 8000 & 11,000 \\\hline \text { Operating expenses } & 40,000 & 30,500 & 30,900 \\\hline \text { Capital expenditures } & \underline{0} & \underline{9000} & \underline{7000} \\\hline \text { Ending cash balance } & \underline{\$ 5400} & \underline{\$ 10,900} &\underline{ \$ 8800} \\\hline\end{array}$$ Subsequently,the marketing department revised its figures for cash collections.New data are as follows: $54,000 in July,$55,000 in August,and $46,000 in September.Based on the new data,calculate the new projected cash balance at the end of August.

A) $17,500
B) $10,900
C) $10,000
D) $14,600