26 (6 points) Sylvia's Silken Scarves Ltd. produces scarves in a variety of designer colours. 2019 Master budget data is as follows: Quarter Sales (all on account) Raw material purchases Direct labour wages 1 2 4 (Jan-Mar) (Apr-Jun) (Oct-Dec) (Jul-Sep) $1,500,000 $1,800,000 $2,100,000 $2,400,000 $450,000 $540,000 $630,000 $720,000 $600,000 $720,000 $840,000 $960,000 Manufacturing overheard (includes $50,000 depreciation per quarter) SG&A expenses (includes $35,000 depreciation per quarter) $150,000 $195,000 $180,000 $210,000 $225,000 $230,000 $240,000 $235,000 Loan payments $175,000 $175,000 $175,000 $175,000 Capital purchases $100,000 $110,000 $95,000 $102,000 Additional information: 1.80% of sales are collected in the current quarter, 20% in the following quarter. 2. Current quarter purchases are paid in the following quarter. 3. Direct labour, manufacturing overhead and SG&A expenses are paid the quarter incurred. 4. Capital purchases are made by bank loans. 5. Sales for the quarter ended December, 31, 2018 were $1,250,000. 6. The accounts payable balance at the end of 2018 was $175.000. Required: For the first quarter of 2019 a) What were the total cash receipts? b) What were the total cash disbursements? c) What was the ending balance in accounts payable? d) What was the ending balance in accounts receivable? Blank #1 Blank #2 Blank #3 Blank #4 A A P