E$8-16($Algo$)$ Preparing Cash Budget $[$LO $8-4]$

Walter Company has the following information for the month of March:

Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $\backslash (\backslash$$ $1,550\backslash )$ for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $\backslash (\backslash$$ $7,700\backslash )$ during March. Walter can borrow in increments of $\backslash (\backslash$$ $1,000\backslash )$ and would like to maintain a minimum cash balance of $\backslash (\backslash$$ $10,000\backslash ).$

Required:

Prepare Walter's cash budget for the month of March.