Coronado Corporation is projecting a cash balance of $35,400 in its Dedember 31. 2021. ballance sheet Coronado's schedule of expected collections from customers for the first quarter of 2022 shows total col ections of 5218,300 . The schecduls of expected Dayments for direct materials for the first quarter of 2022 showa tot 11 pavrment of 555 . 740 Gther information gathered for the first quarter of 2022 is sale of equibment $3,540. direct labor $82,600, manufacturing onerhead $41,300,301 ing arid admiristrative expenses $53,100 and punchase of securities $16,520 Coronado wanta ta mairitan a balance of at least 929,500 cash at the end of each quarter Prepare a cash budget for the first qualiter