a$.$ As of December $31($the end of the prior quarter$),$ the company's general ledger showed the following account balances:

$\backslash$table$[[$Cash$,$Debits,Credits$],[$Accounts receivable,$$63,000,],[$Inventory$,218,400,],[$Buildings and equipment $($net$),61,200,],[$Accounts payable,$373,000,],[$Common stock,,$$92,025$

Required:

$1.$ 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 $31.$