Walter Company has the following information for the month of March:

Cash balance, March $1$ $ $18,870$

Collections from customers $45,000$

Paid to suppliers $24,000$

Manufacturing overhead $7,800$

Direct labor $9,100$

Selling and administrative expenses $5,900$

Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $$2,050$ for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $$8,700$ during March. Walter can borrow in increments of $$1,000$ and would like to maintain a minimum cash balance of $$17,000.$

Required:

Prepare Walter$$s cash budget for the month of March.

Beginning Cash Balance$-$

Budgeted Cash Receipts$-$

Budgeted Cash Payments$-$

Preliminary Cash Balance$-$

Cash Borrowed$-$

Ending Cash Balance$-$