Current Attempt in Progress

Crane Corporation is projecting a cash balance of $$24,000$ in its December $31,2024,$ balance sheet. Crane's schedule of expected

collections from customers for the first quarter of $2025$ shows total collections of $$148,000.$ The schedule of expected payments for

direct materials for the first quarter of $2025$ shows total payments of $$34,400.$ Other information gathered for the first quarter of

$2025$ is sale of equipment $$2,400$; direct labor $$56,000,$ manufacturing overhead $$28,000,$ selling and administrative expenses

$$36,000$; and purchase of securities $$11,200.$ Crane wants to maintain a balance of at least $$20,000$ cash at the end of each quarter.

Prepare a cash budget for the first quarter.

CRANE CORPORATION

Cash Budget

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