collections during first quarter

A partially completed cash budget for the first two quarters for ABC Company is given below: Quarter 2 Quarter 1 $ 16,000 2 2 Cash balance, beginning Add: collections from customers Total cash receipts $ 70,000 $ 22.000 Cash disbursements for purchasos of inventory operating expenses equipment purchases Total cash disbursements $ 31,000 35,000 10.000 $ 76,000 $17.000 S.700 Excess (deficiency) S 10,000 Financing: Borrowings repayments (including interest) Cash balanco, ending The collections from customers during the first quarter are: 10000