Deit Corporation is projecting a cash balance of $34,800 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 $214,600. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $49,880. Other information gathered for the first quarter of 2020 is sale of equipment $3.480, direct labor $81.200, manufacturing overhead $40,600, selling and administrative expenses $52.200, and purchase of securities $16.240. Deit wants to maintain a balance of at least $29,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget $ Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget $ A A A 14 a