Checl Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 16,470 36,950 22,400 6,200 8,300 4,300 Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,250 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 $7,100 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. Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance