Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 17,070 38,950 22,800 6,600 8,500 4,700 Walter pays all expenses in the month incurred Manufacturing overhead includes $1.450 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,500 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000 Required: Prepare Walter's cash budget for the month of March $ 17.070 Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance