Loretha Bradley, E & B Manufacturing's budget director, has received budget information from several managers and is preparing the company's cash budget. January Collections from sales 476,200 Payments for direct materials 80,505 Payments for direct labor 98.640 Payments for manufacturing overhead 78,490 Payments for Selling & administrative expenses 111,400 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. E & B's income taxes from last quarter totaling $26,400 will be paid in January. E & B plans its monthly depreciation expense (that is included in S & A exp.) to be $20,000/month. E & B is required to maintain a minimum cash balance of $50,000 in its account at First National Bank. Question 1 What is E & B's Total Budgeted Cash Available to spend for the month of January