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2 Using the following information: a. Beginning cash balance on March 1, $81,000. b. Cash...

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2 Using the following information: a. Beginning cash balance on March 1, $81,000. b. Cash receipts from sales, $309,000. c. Cash payments for direct materials, $134,000. d. Cash payments for direct labor, $73,000. e. Cash payments for overhead, $43,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for interest, $130 (1% of beginning loan balance of $13,000) h. Cash repayment of loan, $13,000. 4.17/5 points awarded Scored Prepare a cash budget for March for Gado Company. GADO COMPANY Cash Budget $ March 81,000 309,000 390,000 Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments for Direct materials Direct labor Overhead Sales commissions Interest on loan 134,000 73,000 43,000 8,000 130 258,130 131,870 Total cash payments Ending cash balance Loan activity Beginning cash balance Repayment of Bank loan Loan balance, end of month 13,000 118,870 X $ 0

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