Marigold Corporation is projecting a cash balance of $37,890 in its December 31, 2016, balance sheet. Marigolds schedule of expected collections from customers for the first quarter of 2017 shows total collections of $233,655. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $54,309. Other information gathered for the first quarter of 2017 is sale of equipment $3,789; direct labor $88,410, manufacturing overhead $44,205, selling and administrative expenses $56,835; and purchase of securities $17,682. Marigold wants to maintain a balance of at least $31,575 cash at the end of each quarter. Prepare a cash budget for the first quarter.