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Using the following information: Beginning cash balance on March 1 , $ 7 4 , 0 0 0 . Cash receipts from sales, $ 3

Using the following information:
Beginning cash balance on March 1, $74,000.
Cash receipts from sales, $305,000.
Cash payments for direct materials, $134,000.
Cash payments for direct labor, $79,000.
Cash payments for overhead, $38,000.
Cash payments for sales commissions, $8,000
Cash payments for interest, $140(1% of beginning loan balance of $14,000)
Cash repayment of loan, $14,000.
Prepare a cash budget for March for Gado Company.

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