Deitz Corporation is projecting a cash balance of $36,450 in its December 31, 2016, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $224,775. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $52,245. Other information gathered for the first quarter of 2017 is sale of equipment $3,645; direct labor $85,050, manufacturing overhead $42,s25, selling and administrative expenses $54,675, and purchase of secs 17,010. Deitz wants to maintain a balance of at least $30,375 cash at the end of each quarter Prepare a cash budget for the first quarter. (Do not leave any answer field blank. Enter O for amounts.) DEITZ CORPORATION Cash Budget