Deitz Corporation is projecting a cash balance of $30,000 in its December 31, 2019, balance sheet Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $185.000. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $43,000. Other information gathered for the first quarter of 2020 is sale of equipment $3,000; direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45.000; and purchase of securities $14,000. Deitz wants to maintain a balance of at least $25,000 cash at the end of each quarter, Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget > > > > > > > > DEITZ CORPORATION Cash Budget > $ 1000 11