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

Pavone Corp.has prepared a preliminary cash budget for the third quarter as shown below: $$\begin{array} { | l | r | r | r | } \hline \text { Cash Budget } & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Beginning cash balance } & \$ 36,000 & \$ 11,400 & \$ 16,900 \\\hline \text { Plus: Cash collections } & \$ 49,400 & \$ 53,000 & \underline { 44,800 } \\\hline \text { Cash available } & 85,400 & \$ 64,400 & \$ 61,700 \\\hline \text { Less: Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 35,000 & 9,000 & 11,000 \\\hline \text { Operating expenses } & 39,000 & 30,500 & 30,700 \\\hline \text { Capital expenditures } & \underline { 0 } & \underline { 8,000 } & \underline { 7,000 } \\\hline \text { Ending cash balance } & \$ 11,400 & \$ 16,900 & \$ 13,000 \\\hline\end{array}$$ Subsequently,the marketing department revised its figures for cash collections.New data are as follows: $57,000 in July,$56,000 in August,and $44,000 in September.Based on the new data,calculate the new projected cash balance at the end of September.

A) $27,500
B) $13,000
C) $19,000
D) $22,800