Deitz Corporation is projecting a cash balance of $30,000 in its December 31, 2020, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $185,000. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $43,000. Other information gathered for the first quarter of 2020 is sale of equipment $3,000, direct labor $70,000 manufacturing overhead $35,000, selling and administrative expenses $45,000, and purchases of securities $14,000. Deitz wants to maintain of at least $25,000 cash at the end of each quarter.