prepare a cash budget (9)

Cullumber Corporation is projecting a cash balance of $38,400 in its December 31, 2021, balance sheet Clunterschiedt expected collections from customers for the first quarter of 2022 shows tatal colections of $234800. The scelledecedad payments for direct materials for the first quarter of 2022 shows total payments of $55040. Other information pated for the first quarter of 2022 is sale of equipment $3,840, direct labor $89.500, manfacturing overted $4500, song and expenses $57,600; and purchase of securities $17,920. Culumber wants to maintain a balance of at least $32.000 cach a te udd each quarter. Prepare a cash budget for the first quarter. CULLUMBER CORPORATION Cash Budget CULLUMBER CORPORATION Cash Budget v! V Atents Odlused