Concord Corporation is projecting a cash balance of $33,600 in its December 31,2021 , balance sheet, Concords schedule of expected collections from customers for the first quarter of 2022 shows total collections of $207,200. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $48,160. Other information gathered for the first quarter of 2022 is sale of equipment $3,360 : direct labor $78,400, manufacturing overhead $39,200, selling and administrative expenses $50,400; and purchase of securities $15,680. Concord wants to maintain a balance of at least $28,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. (B) eTextbook and Media Direct Labor Disbursements Collections from Customers Sale of Equipment Ending Cash Balance Borrowings Total Disbursements Beginning Cash Balance Purchase of Securities Financing Manufacturing Overhead Excess of Available Cash Over Cash Disbursements Total Available Cash Selling and Administrative Expenses Receipts" Repayments Total Receipts Direct Materials