Walter 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 $ 16,470 36,950 22,400 6,200 8,300 4,300 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,250 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 $7,100 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000 Required Prepare Walter's cash budget for the month of March Answer is complete but not entirely correct Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed $ 16,470 36,950 47,100 $ 6,320 3,680 $ 10,000 Ending cash balance