Crane Corporation is projecting a cash balance of $$31,800$ in its December $31,2021,$ balance sheet. Crane's schedule of expected collections from customers for the first quarter of $2022$ shows total collections of $$196,100.$ The schedule of expected payments for direct materials for the first quarter of $2022$ shows total payments of $$45,580.$ Other information gathered for the first quarter of $2022$ is sale of equipment $$3,180$; direct labor $$74,200,$ manufacturing overhead $$37,100,$ selling and administrative expenses $$47,700$; and purchase of securities $$14,840.$ Crane wants to maintain a balance of at least $$26,500$ cash at the end of earter.

Prepare a cash budget for the first quarter.

CRANE CORPORATION Cash Budget