!! Carla Vista Corporation is projecting a cash balance of $35,400 in its December 31, 2021, balance sheet. Carla Vista's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $218,300. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $50,740. Other information gathered for the first quarter of 2022 is sale of equipment $3,540; direct labor $82,600, manufacturing overhead $41,300, selling and administrative expenses $53,100; and purchase of securities $16,520. Carla Vista wants to maintain a balance of at least $29,500 cash at the end of each quarter. Prepare a cash budget for the first quarter, CARLA VISTA CORPORATION Cash Budget For the Quarter Ended March 31, 2022 Beginning Cash Balance $ 35400 Add Receipts Collections from Customers 218300 Sale of Equipment 3540 221840 Total Receipts 257240 Total Available Cash ENG 7:45 PM 2021 11 21 E 4C Mostly clear * - Add Receipts Collections from Customers 218300 Sale of Equipment 3540 Total Receipts 221840 Total Available Cash 257240 Less Disbursements Direct Materials 50740 82600 v Direct Labor 41300 Manufacturing Overhead 53100 Selling and Administrative Expenses 16520 Purchase of Securities 244260