Oriole Corporation is projecting a cash balance of $$31,200$ in its December $31,2021,$ balance sheet. Oriole's schedule of expected collections from customers for the first quarter of $2022$ shows total collections of $$192,400.$ The schedule of expected payments for direct materials for the first quarter of $2022$ shows total payments of $$44,720.$ Other information gathered for the first quarter of $2022$ is sale of equipment $$3,120$; direct labor $$72,800,$ manufacturing overhead $$36,400,$ selling and administrative expenses $$46,800$; and purchase of securities $$14,560.$ Oriole wants to maintain a balance of at least $$26,000$ cash at the end of each quarter.

Prepare a cash budget for the first quarter.

ORIOLE CORPORATION

Cash Budget

For the Quarter Ended March $31,2022{}^{}$

Beginning Cash Balance

$

Add

Collections from Customers

Total Receipts

Sale of Equipment

Total Disbursements

Total Available Cash

Financing

Direct Materials

Direct Labor

Manufacturing Overhead

Selling and Administrative Expenses

Purchase of Securities