Current Attempt in Progress Blossom Corporation is projecting a cash balance of $30,600 in its December 31,2021 . balance sheet. Blossom's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $188,700. The schedule of expected parments for direct materials for the first quarter of 2022 shows total payments of $43,860. Other information gathered for the first quarter of 2022 is sale of equipment $3,060; direct labor $71,400, manufacturing overhead $35,700, selling and administrative expenses $45,900; and purchase of securities $14,280. Blossom wants to maintain a balance of at least $25,500 cash at the end of each quarter. eTextbookand Media Sain for Laser Attempts: 0 of 3 used Using multiple attempts will inpact your score. 3% icore reduction after sttempt 1