QS 20-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $306,000. c. Cash payments for direct materials, $130,000. d. Cash payments for direct labor, $72,000. e. Cash payments for overhead, $37,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for interest, $120 (1% of beginning loan balance of $12,000) h. Cash repayment of loan, $12,000. Prepare a cash budget for March for Gado Company. GADO COMPANY Cash Budget nces March Beginning cash balance $ 76,000 Add: Cash receipts from sales 306,000 Total cash available 382,000 Less: Cash payments for Direct materials 130,000 Direct labor Sales commissions Total cash payments 130,000 Preliminary cash balance $ 252,000 Loan activity Ending cash balance 130,000 Loan balance, end of month $ 122,000