342,6 of or the cuarter Requlred: Using the data above, complete the following statements and schedules for the first quarter. 1 schedule of expected cash collections: 2-a. Merchandise purchases budget. 2-b Schedule of expected cash disbursements for merchandise purchases. 3. Cash budget 4. Prepare an absorption costing income statement for the quarter ending March 31 5 . Prepare a balance sheet as of March 31 Complete this guestion by entering your answers in the tabs below. 342,6 of or the cuarter Requlred: Using the data above, complete the following statements and schedules for the first quarter. 1 schedule of expected cash collections: 2-a. Merchandise purchases budget. 2-b Schedule of expected cash disbursements for merchandise purchases. 3. Cash budget 4. Prepare an absorption costing income statement for the quarter ending March 31 5 . Prepare a balance sheet as of March 31 Complete this guestion by entering your answers in the tabs below