Marsha Inc. has the following budgeted data for the coming year:

Cash balance, beginning $ 15,600 Collections from customers 145,600 Direct materials purchases 25,600 Expenses: Operating expenses 51,200 Payroll 75,600 Income taxes 6,000 Other: Machinery purchases 30,600 I Marsha, Inc. Cash Budget for Coming Year Beginning cash balance Net cash flow from operations: Cash inflows: Cash collections from customers Cash outflows: Direct materials purchases Operating expenses Less: Depreciation Payroll Income taxes Investing activities: Purchase of machinery Financing activities: Cash excess (shortage) before financing Minimum cash balance required New financing required Budgeted end-of-period cash balance