Deitz Corporation is projecting a cash balance of $41,580 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 $256,410. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $59,598. Other information gathered for the first quarter of 2017 is sale of equipment $4,158; direct labor $97,020, manufacturing overhead $48,510, selling and administrative expenses $62,370; and purchase of securities $19,404. Deitz wants to maintain a balance of at least $34,650 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