Walter Company has the following information for the month of March: Cash balance, March 1 $ 19, 320 Collections from customers 46 , 500 Paid to suppliers 24, 300 Manufacturing overhead 8, 100 Direct labor 9 , 250 Selling and administrative expenses 6, 200 Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $2,200 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 $9,000 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $20,000. 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