Question 18 6 pts Furniture Inc. manufactures painted furniture. The following information is available from the company's budgets for the rst quarter of 2022: March Manufacturing overhead includes depreciation of $2,718 per month. There is no depreciation included in the selling and administrative expenses. All other expenses are paid in cash in the month when they are incurred. The beginning balance of cash on January 1 was $11,350. The company wants to maintain a minimum cash balance of $2,678. The line of credit with the bank allows for borrowings and repayments in $1 increments. If the loan is paid off by the end of the quarter, there is no interest. The company did not plan to make any purchases Selling & Administrative Cash Receipts Expenses January $193,157 $13,161 February $174,884 $18,228 $132,353 $10,607 of equipment or property in 2022. Manufacturing Overhead $12,859 $17,659 $14,406 Direct Labor $18,216 $18,032 $19,735 What is the budgeted cash balance at the end of February? Direct Materials Pu rchases $32,310 $31,043 $30,639