RE PRINTER VERSION BACK Exercise 23-15 collections of $209,790. The schedule of expected payments for direct materials for the first quarter maintain a balance of at least $28,350 cash at the end of each quarter Prepare a cash budget for the first quarter. (Do not leave any answer field blank. Deitz Corporation is projecting a cash balance of $34,020 in its December 31, 2016, balance sheet. Deitz's schedule of expected collections from 2017 is sale of equipment $3,402; direct labor s79,380, manufacturing overhead $39,690, selling and administrative expenses ss1 customers for the first quarter of 2017 shows total of 2017 shows total payments of $48,762. Other information gathered for the first quarter of ,030; and purchase of securities $15,876. Deitz wants to Enter O for amounts.) DEITZ CORPORATION Cash Budget