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Walter Company has the following information for the month of March: Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,200 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally. Walter also expects to buy a plece of property for $7,000 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10.000. Required: Prepare Walter's cash budget for the month of March