Bramble Corporation is projecting a cash balance of $28,800 in its December 31, 2021, balance sheet. Bramble's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $177,600. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $41,280. Other information gathered for the first quarter of 2022 is sale of equipment $2,880; direct labor $67,200, manufacturing overhead $33,600, selling and administrative expenses $43,200; and purchase of securities $13,440. Bramble wants to maintain a balance of at least $24,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. BRAMBLE CORPORATION Cash Budget $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit