Weasleys Wizard Wheezes produces and sells an assortment of practical joke items, had the following results for May. The budgets for June and July are also given. May (actual_ June (budget) July (budget) Sales $42,000 $40,000 $45,000 Cost of Sales 21,000 20,000 22,500 Gross Margin 21,000 20,000 22,500 Operating Expenses 20,00 20,000 20,000 Operating Income $1,000 $0 $2,500 Sales are collected 80% in the month of the sale and the balance in the month following qFor Weasley's Cash Budget for June, use the cash collections and cash disbursements from the previous problems. If Weasley's beginning cash balance for June was $10,000, what is the total cash balance for June? Question 17 options: $1,000 $10,400 $10,000 $7,900