Labor requires 12 minules per unit fer completion and is pald at a rate of $9 per hour. For the first quarter of 2022, prepare a cash budget. (Round onswers to 0 declmal ploces, es 2,520) Waterwars Corperatice is preparing its budget for the coening vear, 2022. The first step is to ptan for the first quarter of that coming year. The compary has gathered information from its mangers in preparation of the budgeting process. Recelvable aro collected in the monthof cale, and 15% of bes Accounts Receivable are collected in the month atter cale. Account: recelvatite on December 31.2024 tet 3 led $183,600 DirectMatecials Direct inater ats cost 60 cents per pound Two pounds of direct materiais are required to groduce each unit: Whenwan likes to keep 5 Kiot the maserialo needed for the noxt month in its ending insentory Raw Materish on December 31,2021 Other Information The Cash balance on Dectmber 31,2021, totaled \$101.000. but management has dedided it would like to maintain a caur buske of at least $000.000 begining on January 31.2022. Didends are paid esch month at the rate of $2.40 per share for 4.890 shares $1.000 increments a 9 in interes. Waterwarn borrows on the frst day of the ronth and repars on the last dyr of the enonth. A $4%0,000 equipment parchase is planned for february