E8-16 Preparing Cash Budget [LO 8-4] Walter Company has the following information for the month of March Cash balence. March 1 Collections from customers Paid to suppliers Manufacturing overmead Direct labor Sol ing and administrative oxponsos $ 16.320 36.450 22.300 6.100 8250 4,200 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,200 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,000 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000, Required: Prepare Walter's cash budget for the month of March. Beginning Cash Balance Budgoted Cash Recoipts Budgetod Cash Paymonts Preliminary Cash Balanco Cash Borrowed Ending cash balanco