Tadeo Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $ 43 comma 000 $ 43 comma 000 $ 40 comma 000 Cash payments: Purchases of direct materials 6 comma 000 7 comma 200 6 comma 000 Operating expenses 7 comma 200 7 comma 000 7 comma 200 Capital expenditures 4 comma 600 4 comma 000 10 comma 000 The cash balance on April 1 is $ 12 comma 000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. A. $ 18 comma 200 B. $ 55 comma 000 C. $ 62 comma 000 D. $ 80 comma 200 g