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

$$16,620$

$37,450$

$22,500$

$6,300$

$8,350$

$4,400$

Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $$1,300$ for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a plece of property for $$7,200$ during March. Walter can borrow in increments of $$1,000$ and would like to maintain a minimum cash balance of $$11,000.$

Required:

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

$\backslash$table$[[$Beginning Cash Balance$],[$Budgeted Cash Receipts$],[$Budgeted Cash Payments$],[$Preliminary Cash Balance$],[$Cash Borrowed$],[$Ending cash balance$]]$