A company reports the following information for the first quarter of $2035$ Use the applicable data below to PREPARE A QUARTER $1,2035$ CASH BUDGET for Laundry Co$.$ in the space provided. All expenses are paid in the same month they are incurred

Cash Balance $$70,000$

Utilities Expense $$4,000$

Purchase of Equipment $$40,000$

Rent Expense $$11,000$

Salaries Expense $$29,000$

Insurance Expense $$9,000$

Depreciation Expense $$8,000$

Supplies Expense $$2,000$

Cash Collections $$94,000$

Proceeds from security sales $$8,000$