1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total 2. Prepare the following for merchandise inventory. a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in tota 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Prepare the following for merchandise inventory, a merchandise purchases budget for April, May, and June. Prepare a cash budget for April, May, and June as well as in total for the quarter. Note: Cash deficiency, repayments and interest should be indicated by a minus sign. 1. Prepare a schedule of expected cash collections for Apnil, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for Aprit, May, and June, and for the quarter in total. 3. Prepare a cash budget for Apri, May, and June as well as in total for the quartet. Complete this question by entering your answers in the tabs below. Prepare the following for merchandise inventory, a schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. Garden Sales, Incorporoted, usually has to borrow money during the second quarter to support peak sales of lawn care equipment during May, it gathered the following information to prepare a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are b. Sales are 203 for cash and 80% on account c. Soles on occount sre collected over a three-month petiod with 10% collected in the month of sale, 80% collocted in the first month following the month of sale, and the remaining 10% collected in the second month following the month of sale. Februarys sales totaled \$205.000, and Maicti's sales totaled \$245,000 d. Inventory purchases are pald for wihin 15 doys. Therefore, 50% of a monthis inventory purchases are paid for in the month of purchase. The remaining 50 s are paid in the following month. Accounts payablo at March 31 for inventory purchases during March total $109.900. e. Each month's ending imventory must equal 20% of the cost of the merchandise to be sold in the following month The merchandise invertory of Morch 31 is $82,600 t. Dividends of $29,000 will be declared and paid in April g Land costang $37000 wall be purchased for cosh in May. h. The cash bolance at March 31 is $51000, the company must maintain a cash balance of at least $40,000 at the end of each month i The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan batance of $200,000. The interest rete on these loans is 1% per month, and for simplicity we will assume imerest is not compounded The company would, as far as it is able, repay the foan plus accumulated interest at the end of the quarter