Vaughn Corporation is projecting a cash balance of $$29,400$ in its December $31,2021,$ balance sheet. Vaughn's schedule of expected collections from customers for the first quarter of $2022$ shows total collections of $$181,300.$ The schedule of expected payments for direct materials for the first quarter of $2022$ shows total payments of $$42,140.$ Other information gathered for the first quarter of $2022$ is sale of equipment $$2,940$; direct labor $$68,600,$ manufacturing overhead $$34,300,$ selling and administrative expenses $$44,100$; and purchase of securities $$13,720.$ Vaughn wants to maintain a balance of at least $$24,500$ cash at the end of each quarter.

Prepare a cash budget for the first quarter.

VAUGHN CORPORATION Cash Budget