What would be the cash budget for the first quarter

Martinez Corporation is projecting a cash balance of $41,280 in its December 31, 2016, balance sheet. Martinez's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $254,560. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $59,168. Other information gathered for the first quarter of 2017 is sale of equipment $4,128; direct labor $96,320, manufacturing overhead $48,160, selling and administrative expenses $61,920; and purchase of securities $19,264. Martinez wants to maintain a balance of at least $34,400 cash at the end of each quarter. Prepare a cash budget for the first quarter. (Do not leave any answer field blank. Enter O for amounts.) MARTINEZ CORPORATION Cash Budget