Gamma Company Has Prepared a Preliminary Cash Budget for the Third

Gamma Company has prepared a preliminary cash budget for the third quarter as shown below:
$$\begin{array} { | l | l | l | l | } \hline \text { Cash budget } & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Beginning cash balance } & \$ 34,000 & \$ 14,000 & \$ 16,500 \\\hline \text { Plus: cash collections } & \$ 56,000 & \$ 51,000 & 45,400 \\\hline \text { Cash available } & \$ 0,000 & \$ 65,000 & \$ 61,900 \\\hline \text { Less: cash payments: } & & & \\\hline \text { Purchases of inventory } & 36,000 & 9000 & 10,000 \\\hline \text { Operating expenses } & \$ 9,000 & 30,500 & 30,900 \\\hline \text { Capital expenditures } & 1000 & 9000 & 7400 \\\hline \text { Ending cash balance } & \$ 14,000 & \$ 16,500 & \$ 13,600 \\\hline\end{array}$$
Subsequently,the marketing department revised its figures for cash collections.New data are as follows: $53,000 in July,$50,000 in August and $42,000 in September.Based on the new data,calculate the new projected cash balance at the end of July.

A) $14,000
B) $6200
C) $12,500
D) $11,000