Using the following information: a. Beginning cash balance on March 1, $75,000. b. Cash receipts from sales, $304,000. C. Cash payments for direct materials, $140,000. d. Cash payments for direct labor, $76,000. e. Cash payments for overhead, $39,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $150 (1% of beginning loan balance of $15,000) h. Cash repayment of loan, $15,000. Prepare a cash budget for March for Gado Company. GADO COMPANY Cash Budget March $ 75,000 304,000 Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments for Direct materials 379,000 140,000 76,000 Direct labor Other expenses x Repayment of bank loan x 15,000 Total cash payments 231,000 148,000 $ Loan activity 216,000 $ (68,000) Loan balance, end of month