Use the following information to prepare the March cash budget for Woodlawn Company. It should show expected cash receipts and cash disbursement for the month and the cash balance expected on March 31. Show all calculations and steps for full points a. Beginning cash balance on March 1 is $97,000. b. Cash receipts from sales are expected to be $1,675,000. C. Cash payments for direct materials and direct labor are expected to be $286,500 and 588,200, respectively. d. Budgeted cash payments for variable overhead is $355,000. e. Budgeted depreciation, the only fixed overhead estimated for April: $24,000. f. Cash selling and administrative expenses budgeted for March are $302,000. g. Bank loan interest due in March: $9,500. h. Loan payment of $40,000 should be made if the preliminary cash balance is greater than $150,000