Vance Company has the following information for the month of March, Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 17,670 40,950 23,200 7.000 8,700 5,100 5 Vance pays wages and other cash expenses in the month incurred Manufacturing overhead includes $1.650 for machinery depreciation, but the amount for selling and administrative expenses does not include any depreciation Additionally, Vance also expects to buy a plece of property for $7,900 during March Vance can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000, Required: Prepare Vance's cash budget for the month of March Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Prominary Cash Balance Cash Borowed Ending cash balance