Exercise 23-15 Deitz Corporation is projecting a cash balance of $ 33,150 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 $ 204,425 . The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $ 47,515 . Other information gathered for the first quarter of 2017 is sale of equipment $ 3,315; direct labor $ 77,350, manufacturing overhead $ 38,675, selling and administrative expenses $ 49,725 ; and purchase of securities $ 15,470 . Deitz wants to maintain a balance of at least $ 27,625 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