Current Attempt in Progress Ivanhoe Corporation is prajecting a cash balance of $29,000 in...

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Accounting

Current Attempt in Progress
Ivanhoe Corporation is prajecting a cash balance of $29,000 in its December 31,2021, balance sheat lvanhoe's schedule of axpected
collactions from customers for the first quarter of 2022 shows tatal collections of $179,000. The schadule of expected paymants for
direct materials for the first quarter of 2022 shows total payments of $42,000. Other information gatharsd for the first quarter of
2022 is as follows: sale of equipmant $2,000; dirsct labour $66,000, manufacturing ovarhead $35,000; salling and administrative
expenses $44,000; and purchase of securities $13,000. Ivanhes wants to maintain a balance of at least $26,000 cash at the end of each
quartar.
Prepare a cash budget for the first quarter.
INANHOE CORPORATION
Cash Budpet
For the First Quarter Ending March 31,2022
$
=
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