Current Attempt in Progress Deitz Corporation is projecting a cash balance of $ 37,500 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $ 231,250. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $ 53,750. Other information gathered for the first quarter of 2020 is sale of equipment $3,750; direct labor $ 87,500, manufacturing overhead $ 43,750, selling and administrative expenses $ 56,250; and purchase of securities $ 17,500. Deitz wants to maintain a balance of at least $ 31,250 cash at the end of each quarter. Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget v $