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This is how i worked out

No. of Companies = 6
Total = 58,000
St1:- Max donation by a company is 38,000 leaving 20,000 among 5 companies. Average would be 4000/company which means there is a possibility one might be in mid 3K range while another in mid 4K range while another in mid2K range or all of them could evenly contribute 4K each. Not sufficient.
.
St2:- Second lest is 4K :- statement itself would leave 54,000 spread among 5 companies hence multiple possibilities and not sufficient.
.
Together :- 42,000 spent among 2 companies remaining 4 will a total of 16,000 which means an average of 4K again leaving possibilities.
Again not sufficient. so Answer is E

Going an extra mile a definitive answer is possible only when the average arrived at after considering st1 and st2 is either less than 3,000 or the question stem puts a constraint on amounts that can be spent by the companies.
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Bunuel
Six different companies are each donating a certain amount of money to a specific charity. Each company is donating a different amount of money, and the total amount donated by the six companies is $58,000. Did at least one of companies donate less than $3000?

(1) The company that donated the most gave $38,000

(2) The company that donated the second least gave $4000

1. we have 20k for 5 companies.
average, that's 4k.
we can have 1000, 2000, 3000, 4000, 4500, 5500 - answer is yes
we can have 3000, 3100, 3200, 3300, 3400, 4000 - answer is no

A & D are out.

2. second donated 4k
we can have 3000, 3100, 3200, 3300, 3400, 4000 - answer is no
or
we can have 2999, 3101, 3200, 3300, 3400, 4000 - answer is yes

1+2
we can have 3000, 3100, 3200, 3300, 3400, 4000 - answer is no
or
we can have 2999, 3101, 3200, 3300, 3400, 4000 - answer is yes


E is the answer
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Six different companies are each donating a certain amount of money to a specific charity. Each company is donating a different amount of money, and the total amount donated by the six companies is $58,000. Did at least one of companies donate less than $3000?

(1) The company that donated the most gave $38,000

Maximum donation: $38,000

This means the remaining amount of = $58,000 - $38,000 = $20,000 is paid by the remaining 5 companies.

As we do not have any further information, we can have scenarios where the amount is < $3,000 and >$3,000.

Hence, (1) ===== is NOT SUFFICIENT

(2) The company that donated the second least gave $4000

This gives us information about the second least amount as $4,000

Once again we can have scenarios where the amount is < $3,000 and >$3,000

Hence, (2) ===== is NOT SUFFICIENT

Combining (1) & (2)

Even after combining, we only know two values $38,000 & $4,000. we are now left with $16,000 which is being paid by 4 companies.

As the average amount comes down to $4,000, we can have scenarios where the amount is < $3,000 and >$3,000

Hence, (1) & (2) ===== is NOT SUFFICIENT

Hence, Answer is E

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Bunuel
Six different companies are each donating a certain amount of money to a specific charity. Each company is donating a different amount of money, and the total amount donated by the six companies is $58,000. Did at least one of companies donate less than $3000?

(1) The company that donated the most gave $38,000

(2) The company that donated the second least gave $4000

Target question: Did at least one of companies donate less than $3000?

Statement 1: The company that donated the most gave $38,000
This means the other 5 companies donated a TOTAL of $20,000
Does this help us answer our target question? No.
Consider these 2 conflicting cases:
Case a: the donations are: 2999, 4000, 4001, 4250, 4750, 38,000 in which case at least one company donated less than $3000
Case b: the donations are: 3500, 4000, 4100, 4150, 4250, 38,000 in which case zero companies donated less than $3000
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT

IMPORTANT: Notice that, for both cases, I chose values that also satisfy statement 2.

So, we now know that statement 2 is NOT SUFFICIENT

And we know that the combined statements are NOT SUFFICIENT

Answer: E

Cheers,
Brent
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These are fun questions

Six different companies are each donating a certain amount of money to a specific charity. Each company is donating a different amount of money, and the total amount donated by the six companies is $58,000. Did at least one of companies donate less than $3000?

(1) The company that donated the most gave $38,000
Option 1: 20000 split 5 ways = 4000 a piece so NO (technically each company donated a different amount, but you can shift the numbers a bit to satisfy)
Option 2: Take 1001 from the last company and split it up amongst the other 4 SO YES

Insufficient


(2) The company that donated the second least gave $4000
Again, use the #s from above.
Option 1: 38000 is the max + 4003, 4002, 4001, 4000, 3994 SO NO
Option 2: Take 995 from the 3994 and split across the other 4 people who contributed less than 38K
Insufficient

C: Still insufficient.
E
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