Pina Corporation is projecting a cash balance of $33,900 in its December 31, 2016, balance sheet. Pina's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $209,050. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $48,590 Other information gathered for the first quarter of 2017 is sale of equipment $3,390, direct labor $79.100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. Pina wants to maintain a balance of at least $28,250 cash at the end of each quarter. Prepare a cash budget for the first quarter. (Do not leave any answer feld blank. Enter for amounts.) PINA CORPORATION Cash Budget > $ C C C > > >