Hutchinson, Inc The Cash Balance on June 30 Is Projected to Be

Hutchinson, Inc. provides the following data taken from its third quarter budget: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 66,000 & \$ 38,000 & \$ 45,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 37,000 & 31,000 & 50,000 \\\hline \text { Operating expenses } & 10,000 & 19,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 35,000 & 6000 \\\hline\end{array}$$ The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.

A) $35,000
B) $44,000
C) $13,000
D) $34,000