ControlUsing the following information:

Beginning cash balance on March $1,$ $$78,000.$

Cash receipts from sales, $$302,000.$

Cash payments for direct materials, $$134,000.$

Cash payments for direct labor, $$71,000.$

Cash payments for overhead, $$37,000.$

Cash payments for sales commissions, $$7,000$

Cash payments for interest, $$190(1\%$ of beginning loan balance of $$19,000)$

Cash repayment of loan, $$19,000.$

Prepare a cash budget for March for Gado Company.Prepare a cash budget for March for Gado Company.