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

Cash balance, March 1	$	16,770
Collections from customers		37,950
Paid to suppliers		22,600
Manufacturing overhead		6,400
Direct labor		8,400
Selling and administrative expenses		4,500

Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,350 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 $7,300 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $10,000.

Required:

Prepare Walters cash budget for the month of March.

Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Premilinary Cash Balance Cash Borrowed Ending cash balance