Part 5 of 5 Points: 5.13 of 25 Irwin Company has provided the following budget information for the first quarter of 2018 Additional data related to the first quarter of 2018 for Irwin Company E:(Click the icon to view the budget Information.) i (Click the icon to view the data.) - X Data table pre info O For the Quarter Ended March 3 Beginning cash balance Total sales 215,000 apital expenditures include $36,000 for new manufacturing equipment to be % Cash receipts Budgeted purchases of direct materials 41,150 urchased and paid in the first quarter. Cash available Budgeted direct labor cost 36,900 ash receipts are 75% of sales in the quarter of the sale and 25% in the Cash payments: uarter following the sale. Budgeted manufacturing overhead costs: irect materials purchases are paid 60% in the quarter purchased and 40% ir Purchases of direct materials Variable manufacturing overhead 1.200 he next quarter. Direct labor Depreciation 1,200 rect labor, manufacturing overhead, and selling and administrative costs are ald in the quarter incurred. Manufacturing overhead Insurance and property taxes 6,700 come tax expense for the first quarter is projected at $43,000 and is paid in Selling and administrative expenses Budgeted selling and administrative expenses e quarter incurred. Income taxes Salaries expense 9,000 win Company expects to have adequate cash funds and does not anticipate orrowing in the first quarter. Capital expenditures Rent expense 4,000 he December 31, 2017, balance in Cash is $20,000, In Accounts Receivable Insurance expense 1,600 $22,500, and in Accounts Payable Is $14,500. Total cash payments Ending cash balance Depreciation expense 300 Supplies expense 6,450 Print Done Help me solve this Demodocs exampl Upcoming 11:28 P Q Search earnings 8/20/202