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: $$\begin{array} { | l | r | r | r | } \hline \text { Cash Budget } & { \text { July } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Beginning cash balance } & \$ 32,000 & \$ 5400 & \$ 10,900 \\\hline \text { Plus: Cash collections } & \$ 49,400 & \$ 53,000 & \underline { 46,800 } \\\hline \text { Cash available } & 81,400 & \$ 58,400 & \$ 57,700 \\\hline \text { Less: Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 36,000 & 8000 & 11,000 \\\hline \text { Operating expenses } & 40,000 & 30,500 & 30,900 \\\hline \text { Capital expenditures } & 0 & \underline {9000 } & \underline { 7000 } \\\hline \text { Ending cash balance } & \$ 5400 & \$ 10,900 & \$ 8800 \\\hline\end{array}$$ 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