Exercise 10.26 Pink Martin Corporation is projecting a cash balance of $28.000 in its December 31, 2019, balance sheet Pink Martin's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $182,000. The schedule of expected payments for direct materials for the flest quarter of 2020 shows total payments of $40,000. Other Information gathered for the first quarter of 2020 is as follows sale of equipment $3.000, direct labour $72,000, manufacturing overhead $11.000; selling and administrative expenses $46,000, and purchase of securities $16,000. Pink Martin wants to maintain a lance of at least 527.000 cash at the end of each quarter Prepare a cash budget for the first quarter PINK MARTINI CORPORATION Cash Budget For the First Quarter Ending March 31, 2020 1 2001 2020 Wins. As geve ADA SA Noulube signment ES dy LINK TO TEXT Police 2009-2020 Jewels. All Rights Reserved. A Divion of John Woman e to search O E B > hp % 5 6 7 8 9 O