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

$\backslash$table$[[$Cash balance, March $1,18,420],[$Collections from customers,$43,500],[$Paid to suppliers,$23,700],[$Manufacturing overhead,$7,500],[$Direct labor,$8,950],[$Selling and administrative expenses,$5,600]]$

Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $$1,900$ for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $$8,400$ during March. Walter can borrow in increments of $$1,000$ and would like to maintain a minimum cash balance of $$14,000.$

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$]]$