Aaron Corporation is projecting a cash balance of $36,084 in its December 31, 2013, balance sheet. Aarons schedule of expected collections from customers for the first quarter of 2014 shows total collections of $209,520. The schedule of expected payments for direct materials for the first quarter of 2014 shows total payments of $47,724. Other information gathered for the first quarter of 2014 is sale of equipment $4,074; direct labor $81,480, manufacturing overhead $40,740, selling and administrative expenses $52,380; and purchase of securities $13,968. Aaron wants to maintain a balance of at least $29,100 cash at the end of each quarter. Prepare a cash budget for the first quarter.