Sunland Corporation is projecting a cash balance of $$36,000$ in its December $31,2021,$ balance sheet. Sunland's schedule of expected collections from customers for the first quarter of $2022$ shows total collections of $$222,000.$ The schedule of expected payments for direct materials for the first quarter of $2022$ shows total payments of $$51,600.$ Other information gathered for the first quarter of $2022$ is sale of equipment $$3,600$; direct labor $$84,000,$ manufacturing overhead $$42,000,$ selling and administrative expenses $$54,000$; and purchase of securities $$16,800.$ Sunland wants to maintain a balance of at least $$30,000$ cash at the end of each quarter.

Prepare a cash budget for the first quarter