VIEW TUNIC Current Attempt in Progress Cullumber Corporation is projecting a cash balance of $31,800 in its December 31, 2021, balance sheet. Cullumber's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $196,100. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $45,580. Other information gathered for the first quarter of 2022 is sale of equipment $3,180; direct labor $74,200, manufacturing overhead $37,100, selling and administrative expenses $47,700; and purchase of securities $14,840. Cullumber wants to maintain a balance of at least $26.500 cash at the end of each quarter. Prepare a cash budget for the first quarter. CULLUMBER CORPORATION Cash Budget 02 ENG CULLUMBER CORPORATION Cash Budget >