Metlock Corporation is projecting a cash balance of $29,000 in its December 31,2021 , balance sheet. Metlock's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $183,000. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $45,000. Other information gathered for the first quarter of 2022 is as follows: sale of equipment $4,000; direct labour $72,000, manufacturing overhead $32,000; selling and administrative expenses $44,000; and purchase of securities $15,000. Metlock wants to maintain a balance of at least $23,000 cash at the end of each quarter. Prepare a cash budget for the first quarter