Sunland Corporation is projecting a cash balance of $28,200 in its December 31, 2021, balance sheet. Sunland's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $173,900. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $40,420. Other information gathered for the first quarter of 2022 is sale of equipment $2,820; direct labor $65,800, manufacturing overhead $32,900, selling and administrative expenses $42,300; and purchase of securities $13,160. Sunland wants to maintain a balance of at least $23,500 cash at the end of each quarter. Prepare a cash budget for the first quarter. Cash Budget ( >