Deitz Corporation is projecting a cash balance of $30,900 in its December 31, 2019, balance sheet. Deltz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $190,550. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $44.290. Other information gathered for the first quarter of 2020 is sale of equipment $3,090; direct labor $72,100, manufacturing overhead $36,050, selling and administrative expenses $46,350; and purchase of securities $14,420. Deltz wants to maintain a balance of at least $25,750 cash at the end of each quarter. Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget