Deitz Corporation is projecting a cash balance of $36,300 in its December 31, 2019, balance sheet. Deitzs schedule of expected collections from customers for the first quarter of 2020 shows total collections of $223,850. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $52,030. Other information gathered for the first quarter of 2020 is sale of equipment $3,630; direct labor $84,700, manufacturing overhead $42,350, selling and administrative expenses $54,450; and purchase of securities $16,940. Deitz wants to maintain a balance of at least $30,250 cash at the end of each quarter. Prepare a cash budget for the first quarter.

Just need the ones in red completed

Deitz Corporation is projecting a cash balance of $36,300 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 $223,850. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $52,030. Other information gathered for the first quarter of 2020 is sale of equipment $3,630; direct labor $84,700, manufacturing overhead $42,350, selling and administrative expenses $54,450; and purchase of securities $16,940. Deitz wants to maintain a balance of at least $30,250 cash at the end of each quarter. Prepare cash budget for the first quarter. DEITZ CORPORATION Cash Budget $