E8-16 (Algo) Preparing Cash Budget [LO 8-4] Walter Company has the following information for the month of March: Waiter pays wages and other cash expenses in the month incurred. Manufocturing overhead includes $1750 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation Additionally, Walter also expects to buy a piecc of property for $8,100 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash batance of $10,000 Required: Prepare Walter's cash budget for the month of March