Can I get help with schedule 6 and 7?

Thank you

Fair Trade manufactures industrial dye. The company is preparing is 2022 master budget and has presented you with the following information. a. The December 31, 2021 balance sheet for the company follows: b. The Accounts Receivable balance at 12/31/21 represents the remaining balances of November and December credit sales. Sales were $70,000 and $65,000, respectively for those two months. c. Estimated sales in gallons of dye for January through May 2022 follow: January 8,000 Fehruary 10000 e. Each gallon of dye has the following standard quantities and costs for direct material and direct labor: 1.2 gallons of direct material (some evaporation occurs during processing) $.80 per gallon $0.96 0.5 hours of direct labor X$6 per hour $3.00 f. Variable overhead (VOH) is applied to the product on a machine-hour basis. Processing 1 gallon of dye takes 5 hours of machine time. The variable overhead rate is $0.06 per machine hour; VOH consists entirely of utility costs. Total annual fixed overhead is $120,000; it is applied at $1 per gallon based on an expected annual capacity of 120,000 gallons. Fixed overhead per year is composed of the following costs: (Hint: Insurance-factory and Deprecation-factory are considered non-cash items when preparing the FMOH budget.) g. There is no beginning Work in Process Inventory. All work in process is completed in the period in which it is started. Raw Material Inventory at the beginning of the year consists of 1,000 gallons of direct material at a standard cost of $0.80 per gallon. There are 400 gallons of dye in Finished Goods Inventory at the beginning of the year carried at a standard cost of $5.26 per gallon; direct material, $0.96; direct labor, $3,00, variable overhead, $0.30; and fixed overhead, $1.00. h. Accounts Payable relates solely to raw material and is paid 60 percent in the month of purchase and 40 percent in the month after purchase. No discounts are received for prompt payment. i. The dividend will be paid in January 2022. J. A new piece of equipment costing $9,000 will be purchased on March 1, 2022. Payment of 80 percent will be made in March and 20 percent in April. The equipment has a useful life of three years and will have no salvage value. Use this information to compute and record depreciation and accumulated m. The ending Finished Goods Inventory should include 5 percent of the next month's needs. This is not true at the beginning of 2022 due to a miscalculation in sales for December. The ending inventory of raw materials should also be 5 percent of the next month's needs. n. Selling and administrative costs per month are as follows: salaries, $18,000, rent, $7,000, and utilities $800. These costs are all fixed; there is no variable portion. o. The company's tax rate is 35 percent. Because taxes are paid in the following calendar year, you will need to record income tax expense and income tax payable for the quarter ending March 31 (to be reflected in the budgeted IS and budgeted BS). Prepare a master budget for each month of the first quarter of 2022 and a budgeted income statement and balance sheet for the period January 1st- March 31st 2022. Schedule 1: Sales budget Schedule 1: Accounts receivable collections Schedule 2: Production budget Schedule 3: Direct materials purchases budget Schedule 3: Payment of accounts payable budget Schedule 4: Direct labor budget Schedule 5: Variable manufacturing overhead budget Schedule 5: Fixed manufacturing overhead budget Schedule 6: Sales \& administrative expense budget Schedule 7; Cash budget Schedule 8: Cost of goods manufactured Schedule 9: Income statement Schedule 10: Balance sheet Fair Trade manufactures industrial dye. The company is preparing is 2022 master budget and has presented you with the following information. a. The December 31, 2021 balance sheet for the company follows: b. The Accounts Receivable balance at 12/31/21 represents the remaining balances of November and December credit sales. Sales were $70,000 and $65,000, respectively for those two months. c. Estimated sales in gallons of dye for January through May 2022 follow: January 8,000 Fehruary 10000 e. Each gallon of dye has the following standard quantities and costs for direct material and direct labor: 1.2 gallons of direct material (some evaporation occurs during processing) $.80 per gallon $0.96 0.5 hours of direct labor X$6 per hour $3.00 f. Variable overhead (VOH) is applied to the product on a machine-hour basis. Processing 1 gallon of dye takes 5 hours of machine time. The variable overhead rate is $0.06 per machine hour; VOH consists entirely of utility costs. Total annual fixed overhead is $120,000; it is applied at $1 per gallon based on an expected annual capacity of 120,000 gallons. Fixed overhead per year is composed of the following costs: (Hint: Insurance-factory and Deprecation-factory are considered non-cash items when preparing the FMOH budget.) g. There is no beginning Work in Process Inventory. All work in process is completed in the period in which it is started. Raw Material Inventory at the beginning of the year consists of 1,000 gallons of direct material at a standard cost of $0.80 per gallon. There are 400 gallons of dye in Finished Goods Inventory at the beginning of the year carried at a standard cost of $5.26 per gallon; direct material, $0.96; direct labor, $3,00, variable overhead, $0.30; and fixed overhead, $1.00. h. Accounts Payable relates solely to raw material and is paid 60 percent in the month of purchase and 40 percent in the month after purchase. No discounts are received for prompt payment. i. The dividend will be paid in January 2022. J. A new piece of equipment costing $9,000 will be purchased on March 1, 2022. Payment of 80 percent will be made in March and 20 percent in April. The equipment has a useful life of three years and will have no salvage value. Use this information to compute and record depreciation and accumulated m. The ending Finished Goods Inventory should include 5 percent of the next month's needs. This is not true at the beginning of 2022 due to a miscalculation in sales for December. The ending inventory of raw materials should also be 5 percent of the next month's needs. n. Selling and administrative costs per month are as follows: salaries, $18,000, rent, $7,000, and utilities $800. These costs are all fixed; there is no variable portion. o. The company's tax rate is 35 percent. Because taxes are paid in the following calendar year, you will need to record income tax expense and income tax payable for the quarter ending March 31 (to be reflected in the budgeted IS and budgeted BS). Prepare a master budget for each month of the first quarter of 2022 and a budgeted income statement and balance sheet for the period January 1st- March 31st 2022. Schedule 1: Sales budget Schedule 1: Accounts receivable collections Schedule 2: Production budget Schedule 3: Direct materials purchases budget Schedule 3: Payment of accounts payable budget Schedule 4: Direct labor budget Schedule 5: Variable manufacturing overhead budget Schedule 5: Fixed manufacturing overhead budget Schedule 6: Sales \& administrative expense budget Schedule 7; Cash budget Schedule 8: Cost of goods manufactured Schedule 9: Income statement Schedule 10: Balance sheet