QS 20-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1, $81,000. b. Cash receipts from sales, $303,000. c. Cash payments for direct materials, $131,000. d. Cash payments for direct labor, $80,000. e. Cash payments for overhead, $35,000. 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 March Total cash available Less: Cash payments for Total cash payments Loan activity Loan balance, end of month