Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule:) (Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Maynard Company Cash Budget January, February, and March January Beginning cash balance Cash receipts Cash available Cash payments Purchases of direct motorinis Direct labor Manufacturing overhead Selling and administrative expenses III Enter any number in the edit fields and then click Check Answer Clear All Check Answer 3 parts remaining www.wmvuawomir January February March Total Total sales 12,400 $ 16,100 $ 10,400 $ January February March 38,900 Total 9,920 1,240 1.240 Cash Receipts from Customers: Adsounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit salos, collection of February sales in February February-Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March 12,880 1,610 1,610 8,320 1,040 10,970 $ $ Total cash receipts from customers 11,160 S 15,730$ 37,860 1 i More Info x Maynard's beginning cash balance is $4,000 and Maynard desires to maintain a minimum ending cash balance of $4,000. Maynard borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 8% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. Print Done i Reference January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March $ 0 $ 4,000 $ 4,000 4,300 4,300 $ 0 8,300 Total payments for direct materials Direct Labor: Total payments for direct labor 3,000 3,700 4,400 11,100 950 950 1,900 Manufacturing Overhead: Utilities for plant Property taxes on plant Total payments for manufacturing overhead 3,720 3,720 5,620 3,720 950 950