Using the following information: a. Beginning cash balance on March 1, \$80,000. b. Cash receipts from sales, $302,000. c. Cash payments for direct materials, $131,000. d. Cash payments for direct labor, $73,000. e. Cash payments for overhead, $44,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $160 ( 1% of beginning loan balance of $16,000 ) h. Cash repayment of loan, $16,000. Prepare a cash budget for March for Gado Company. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ GADO COMPANY } \\ \hline & Cash Budget \\ \hline & & \\ \hline Total cash available & & \\ \hline Less: Cash payments for & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total cash payments & & \\ \hline Preliminary cash balance & & \\ \hline Loan activity & & \\ \hline \end{tabular}