Coronado Corporation is projecting a cash balance of $27,600 in its December 31, 2021, balance sheet. Coronado's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $170,200. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $39,560. Other information gathered for the first quarter of 2022 is sale of equipment $2,760; direct labor $64,400, manufacturing overhead $32,200, selling and administrative expenses $41,400, and purchase of securities $12,880. Coronado wants to maintain a balance of at least $23,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. CORONADO CORPORATION Cash Budget For the Quarter Ended March 31, 2022 CORONADO CORPORATION Cash Budget For the Quartered March 31, 2022 $ V