Deitz Corporation is projecting a cash balance of $34,500 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 $212,750. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $49,450. Other information gathered for the first quarter of 2020 is sale of equipment $3,450; direct labor $80,500, manufacturing overhead $40,250, selling and administrative expenses $51,750; and purchase of securities $16,100. Deitz wants to maintain a balance of at least $28,750 cash at the end of each quarter. Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget V $ > $ Collections from Customers Beginning Cash Balance Purchase of Securities Sale of Equipment Financing Ending Cash Balance Repayments Borrowings Manufacturing Overhead Selling and Administrative Expenses Total Available Cash Total Disbursements Excess of Available Cash Over Cash Disbursements Direct Labor Direct Materials Receipts Total Receipts Disbursements