Nemani Corporation is projecting a cash balance of $31,408 in its December 31, 2011, balance sheet. Nemani schedule of expected collections from customers for the first quarter of 2012 shows total collections of $179,886. The schedule of expected payments for direct materials for the first quarter of 2012 shows total payments of $40,850. Other information gathered for the first quarter of 2012 is: sale of equipment $3,389; direct labor $70,181, manufacturing overhead $34,598, selling and administrative expenses $45,116; and purchase of securities $12,246. Nemani wants to maintain a balance of at least $25,400 cash at the end of each quarter. Instructions: Complete the cash budget for the first quart