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Use the following information to prepare a cash budget for Mard for Gado Company. a. Beginning cash balance on March 1, $72,000. b. Cash receipts

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Use the following information to prepare a cash budget for Mard for Gado Company. a. Beginning cash balance on March 1, $72,000. b. Cash receipts from sales, $300,000. c. Cash payments for direct materials, $140,000. d. Cash payments for direct labor, $80,000. e. Cash payments for overhead, $45,000. f. Cash payments for sales commissions, $7,000. 8. Cash payments for interest, $200 ( 1% of beginning loan balanfe of $20,000 ). h. Cash repayment of loan, $20,000

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