Current Attempt in Progress

Ivanhoe Corporation is prajecting a cash balance of $$29,000$ in its December $31,2021,$ balance sheat lvanhoe's schedule of axpected

collactions from customers for the first quarter of $2022$ shows tatal collections of $$179,000.$ The schadule of expected paymants for

direct materials for the first quarter of $2022$ shows total payments of $$42,000.$ Other information gatharsd for the first quarter of

$2022$ is as follows: sale of equipmant $$2,000$; dirsct labour $$66,000,$ manufacturing ovarhead $$35,000$; salling and administrative

expenses $$44,000$; and purchase of securities $$13,000.$ Ivanhes wants to maintain a balance of at least $$26,000$ cash at the end of each

quartar.

Prepare a cash budget for the first quarter.

INANHOE CORPORATION

Cash Budpet

For the First Quarter Ending March $31,2022$

$

$=$