View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. 8.16/10 Carla Vista Corporation is projecting a cash balance of $28,800 in its December 31, 2021, balance sheet. Carla Vista's schedule of - expected collections from customers for the first quarter of 2022 shows total collections of $177,600. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $41,280. Other information gathered for the first quarter of 2022 is sale of equipment $2,880; direct labor $67,200, manufacturing overhead $33,600, selling and administrative expenses $43.200; and purchase of securities $13,440. Carla Vista wants to maintain a balance of at least $24,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. CARLA VISTA CORPORATION Cash Budget For the Quarter Ended March 31, 2022 Beginning Cash Balance 9 20800