Diemans Corp. has provided a part of its budget for the second quarter:Cash collections: April $40,

Diemans Corp. has provided a part of its budget for the second quarter:Cash collections: April $40,000, May $45,000, June $52,000Cash payments:Purchases of inventory: April 4,500, May 7,200, June 4,500Operating expenses: April 7,900, May 5,600, June 9,000Capital expenditures: April 0, May 20,000, June 4,600The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.Calculate Cash balance at the end cprl-il: Opening balance 11333Add: cash cc?ecticns 4D=??? Less: Operating expenses 1900Capital expenditureClosing balance 39??’?’ ———…

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