And can you please, in simple terms, explain how to calculate interest expense and borrowing repayment with the information given

Thanks (This is all of the information I am given in the question)

Required a. October sales are estimated to be $320,000, of which 35 percent will be cash and 65 percent will be credit. The company expects sales to increase at the rate of 20 percent per month. Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. C. The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $14,000. Assume that all purchases are made on account. Prepare an inventory purchases budget. d. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the following month. Prepare a cash payments budget for inventory purchases. e. Budgeted selling and administrative expenses per month follow. Salary expense (fixed) Sales commissions Supplies expense Utilities (fixed) Depreciation on store fixtures (fixed)* Rent (fixed) Miscellaneous (fixed) $20,000 5% of Sales 2% of Sales $ 3,400 $ 6,000 $ 6,800 $ 3,200 *The capital expenditures budget indicates that Campbell will spend $256,000 on October 1 for store fixtures, which are expected to have a $40,000 salvage value and a three-year (36-month) useful life. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $32,000 cash cushion. Prepare a cash budget. (Any repayments/shortage which should be indicated with a minus sign.) Show less Cash Budget October November December 0 112.000 342,400 342,400 410,880 410,880 112,000 Section 1: Cash Receipts Beginning cash balance Add: Cash receipts Total Cash available Section 2: Cash Payments For inventory purchases For selling and administrative expenses Interest expense Purchase of store fixtures 129,024 227,021 251,702 61,816 36,400 57,080 0 3,094 X 256,000 0 0 421,424 287,195 313,518 Total budgeted disbursements Section 3: Financing Activities Surplus (shortage) Borrowing (repayment) (309,424) 55,205 97,362 Ending cash balance $ (309,424) 55,205 97,362