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

Cash balance, March $1$ $ $17,070$

Collections from customers $38,950$

Paid to suppliers $22,800$

Manufacturing overhead $6,600$

Direct labor $8,500$

Selling and administrative expenses $4,700$

Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $$1,450$ for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $$7,500$ 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.