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

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.

Answer is not complete.