1 5 points eBook Walter Company has the following information for the month of March: Cash balance, March 11 Collections from customers $17,970 41,950 Paid to suppliers 23,400 7,200) Direct labor Selling and administrative expenses 8,800 5,300 Manufacturing overhead Het Print References Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,750 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $8,100 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000. Required: Prepare Walter's cash budget for the month of March. Beginning Cash Balance. $ 17,970 Budgeted Cash Receipts 41,950 Budgeted Cash Payments 51,050 Preliminary Cash Balance $ 9,100 Cash Borrowed Ending cash balance Her