Bonita Corporation is projecting a cash balance of $34,800 in its December 31,2024 , balance sheet. Bonita's schedule of expected collections from customers for the first quarter of 2025 shows total collections of $214.600. The schedule of expected payments for direct materials for the first quarter of 2025 shows total payments of $49,880. Other information gathered for the first quarter of 2025 is sale of equipment $3,480; direct labor $81,200, manufacturing overhead $40,600, selling and administrative expenses $52,200; and purchase of securities $16,240. Bonita wants to maintain a balance of at least $29,000 cash at the end of each quarter. Prepare a cash budget for the first quarter