Use the following information to prepare the March cash budget for Ashly Company. It should show expected cash receipts and cash disbursement for the month and the cash balance expected on March 31. a. Beginning cash balance on March 1 is $88,000 b. Cash receipts from sales are expected to be $1,720,000. c. Cash payments for direct materials and direct labor are expected to be $322,500 and 650,200, respectively. d. Cash selling and administrative expenses budgeted for March are $385,000. e. Bank loan interest due in March: 10,500.

f. Budgeted cash disbursements for salaries in June: $195,000.

f. Budgeted depreciation, the only fixed overhead estimated for March: $26,000. . g. Loan payment of $70,000 should be made if the preliminary cash balance is greater than $200,000.