Current Attempt in Progress Tamarisk Corporation is projecting a cash balance of $31,000 in its December 31,2021 , balance sheet. Tamarisk's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $179,000. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $40,000. Other information gathered for the first quarter of 2022 is as follows: sale of equipment $4,000; direct labour $77,000, manufacturing overhead $34,000; selling and administrative expenses $42,000; and purchase of securities $12,000. Tamarisk wants to maintain a balance of at least $24,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. 1351= eTextbook and Media Save for Later Attempts: 0 of 4 used Subnit Axasser Using multiple attempts will impact your score