Current Attempt in Progress

Crane Corporation is projacting a cash balance of $$37,800$ in its Decamber $31,2021,$ balance sheet. Crane's sehadule af expected

collections from customers for the first quarter of $2022$ shavs total collections of $$233,100.$ The schedule of expected payments for

dirsct materials for the first quarter of $2022$ shows total payments of $$54,190.$ Other information gathered for the first quarter of

$2022$ is sale of equipment $$3,780$; dirsect labor $$98,200,$ manufacturing overhead $$44,100,$ selling and administrative evpenses

$$56,700$; and purchase of securities $$17,640.$ Crane wants to maintaina balance of at least $$31,500$ cash at the end of each quarter.

Prspare a cash budget for the first quarter.

CRANE CORPORATION

Cash Budget