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 18,420 43,500 23,700 7,500 8,950 5,600 Walter pays all 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. Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance