a. Beginning cash balance on March 1, $72,000. b. Cash receipts from sales, $300,000. c. Cash payments for direct materials, $140,000. d. Cash payments for direct labor, $80,000. e. Cash payments for overhead, $45,000. f. Cash payments for sales commissions, $7,000. g. Cash payments for interest, $200 (1% of beginning loan balance of $20,000). h. Cash repayment of loan, $20,000. Prepare a cash budget for March for Gado Company. Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month GADO COMPANY Cash Budget March < Prev 17 of 18