Loretha Bradley, E & B Manufacturing's budget director, has received budget information from several managers and is preparing the company's cash budget. January 476.200 Collections from sales Payments for 80.505 direct materials Payments for 98,640 direct labor Payments for 78,490 manufacturing overhead Payments for 111.400 Selling & administrative expenses In addition to the information she received from these managers, Loretha knows the following: E & B plans to have $32,400 in its cash account on January 1. E & B plans to purchase and pay cash for a piece of land in January at a cost of $85,000. E & B plans to make a cash purchase of equipment in March at a cost of $28.000