Nemani Corporation is projecting a cash balance of $31785 in its December 31 201

Nemani
Corporation is projecting a cash balance of $31785 in its December
31 2013 balance sheet. Nemani schedule of expected collections
from customers for the first quarter of 2013 shows total collections
of $180885. The schedule of expected payments for direct materials
for the first quarter of 2013 shows total payments of $40200. Other
information gathered for the first quarter of 2013 is: sale of
equipment $3392; direct labor $70178 manufacturing overhead
$34583 and purchase of securities $12372. Selling and
administrative expenses are projected to be $45117; this figure
includes $1117 in depreciation expense on the office equipment. All
costs and expenses will be paid in cash. Nemani wants to maintain a
balance of at least $25000 cash at the end of each quarter.Instructions:
Complete the cash budget for the first quarter.