Current Attempt in Progress Whispering Winds Corporation is projecting a cash balance of $29,000 in its December 31,2021 , balance sheet. Whispering Winds's schedule of expected collections from customers for the first quarter of 2022 shows total collections of $181,000. The schedule of expected payments for direct materials for the first quarter of 2022 shows total payments of $36,000. Other information gathered for the first quarter of 2022 is as follows: sale of equipment $3,000; direct labour $75,000, manufacturing overhead $38,000; selling and administrative expenses $42,000; and purchase of securities $14,000. Whispering Winds wants to maintain a balance of at least $28,000 cash at the end of each quarter. Prepare a cash budget for the first quarter. WHISPERING WINDS CORPORATION Cash Budget For the First Quarter Ending March 31, 2022 Question 2 of 4 $ eTextbook and Media Attempts: 0 of