Wildhorse Corporation is projecting a cash balance of $36,600 in its December 31, 2021, balance sheet, Wildhorse's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $225.700. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $52.460. Other information gathered for the first quarter of 2022 is sale of equipment $3,660; direct labor $85,400, manufacturing overhead 542.700 selling and administrative expenses $54.900; and purchase of securities $17.080. Wildhorse wants to maintain a balance of at least 530,500 cash at the end of each quarter Prepare a cash budget for the first quarter, WILDHORSE CORPORATION Cash Budget For the Quarter Ended March 31 2022 Beginning Cash Balance $ 36/600 Add Receipts