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

Cash balance, March 1	$ 16,470
Collections from customers	36,950
Paid to suppliers	22,400
Manufacturing overhead	6,200
Direct labor	8,300
Selling and administrative expenses	4,300

Walter pays wages and other cash 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.

X Answer is not complete. Beginning Cash Balance $ 16.470 Budgeted Cash Receipts 36,950 Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance