Deitz Corporation is projecting a cash balance of $32,400 in its December 31,2019 , balance sheet. Deitz's schedufe of expected collections from customers for the furst quarter of 2020 shows total collections of $199.800. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $46,440. Other information gathered for the first quarter of 2020 is sale of equipment $3,240; direct labor $75,600, manufacturing overhead $37,800, selling and administrative expenses $48,600; and purchase of securities $15.120. Deitz wants to maintain a balance of at least $27,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. DETIZ CORPORATION Cash Budget For the Quarter Ended March 31, 2020 : Beginning Cash Balance Add : : eTextbook and Medla Sivefor Later Attempts: 0 of 5 used Submit Answer Deitz Corporation is projecting a cash balance of $32,400 in its December 31,2019 , balance sheet. Deitz's schedufe of expected collections from customers for the furst quarter of 2020 shows total collections of $199.800. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $46,440. Other information gathered for the first quarter of 2020 is sale of equipment $3,240; direct labor $75,600, manufacturing overhead $37,800, selling and administrative expenses $48,600; and purchase of securities $15.120. Deitz wants to maintain a balance of at least $27,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. DETIZ CORPORATION Cash Budget For the Quarter Ended March 31, 2020 : Beginning Cash Balance Add : : eTextbook and Medla Sivefor Later Attempts: 0 of 5 used Submit