Can someone please help me with the parts i am missing! Can you please provide the formulas as well :((

Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following Information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 580,000 $ 780,000 $400,000 $380,000 406,000 546,000 280,000 266,000 174,000 234,000 120,000 114,000 Sales cost of goods sold Gross margin Selling and administrative expenses Selling expense Administrative expense Total selling and administrative expenses Not operating income 78,000 98,000 59,000 38,000 44,000 59,200 36,800 36,000 122,000 157,200 95,800 74,000 $ 52,000 $ 76,000 $ 24,200 $ 40,000 includes $21,000 of depreciation each month. b. Sales are 20% for cash and 80% on account c Sales on account are collected over a three-month period with 10% collected in the month of sale: 70% collected in the first month following the month of sale, and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000 d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800 e. Each month's ending Inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200. 1. Dividends of $28,000 will be declared and paid in April. g. Land costing $36,000 will be purchased for cash in May. h. The cash balance at March 31 is $50,000, the company must maintain a cash balance of at least $40,000 at the end of each month. L. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total, 2. Prepare the following for merchandise Inventory 0. A merchandise purchases budget for April, May, and June Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. . Complete this question by entering your answers in the tabs below. 3 Reg1 Reg 24 Reg 2B Req3 ances June Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Garden Sales, Inc. Cash Budget For the Quarter Ended Juno 30 April May Quarter Beginning cash balance $ 50,000 Add collections from customers 328,000 581,600 641,600 1,551,200 Total cash available 378,000 581,600 641,600 1,551,200 Loss cash disbursements: Purchases for inventory 324,800 Selling expenses 78,000 Administrative expenses 23,000 38,200 15,800 77,000 Land purchases 0 Dividends paid 28,000 Total cash disbursements 453,800 38.200 15,800 77.000 Excess (deficiency of cash available over disbursementa (75,800) 543.400 625.000 1474.200 Financing Borrowingo Repayment Interest 0 Total financing (115,800) Ending cash balance 5 (191,600) 5 543.400$ 625.000 $ 1474.200 Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following Information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 580,000 $ 780,000 $400,000 $380,000 406,000 546,000 280,000 266,000 174,000 234,000 120,000 114,000 Sales cost of goods sold Gross margin Selling and administrative expenses Selling expense Administrative expense Total selling and administrative expenses Not operating income 78,000 98,000 59,000 38,000 44,000 59,200 36,800 36,000 122,000 157,200 95,800 74,000 $ 52,000 $ 76,000 $ 24,200 $ 40,000 includes $21,000 of depreciation each month. b. Sales are 20% for cash and 80% on account c Sales on account are collected over a three-month period with 10% collected in the month of sale: 70% collected in the first month following the month of sale, and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000 d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800 e. Each month's ending Inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200. 1. Dividends of $28,000 will be declared and paid in April. g. Land costing $36,000 will be purchased for cash in May. h. The cash balance at March 31 is $50,000, the company must maintain a cash balance of at least $40,000 at the end of each month. L. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total, 2. Prepare the following for merchandise Inventory 0. A merchandise purchases budget for April, May, and June Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. . Complete this question by entering your answers in the tabs below. 3 Reg1 Reg 24 Reg 2B Req3 ances June Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Garden Sales, Inc. Cash Budget For the Quarter Ended Juno 30 April May Quarter Beginning cash balance $ 50,000 Add collections from customers 328,000 581,600 641,600 1,551,200 Total cash available 378,000 581,600 641,600 1,551,200 Loss cash disbursements: Purchases for inventory 324,800 Selling expenses 78,000 Administrative expenses 23,000 38,200 15,800 77,000 Land purchases 0 Dividends paid 28,000 Total cash disbursements 453,800 38.200 15,800 77.000 Excess (deficiency of cash available over disbursementa (75,800) 543.400 625.000 1474.200 Financing Borrowingo Repayment Interest 0 Total financing (115,800) Ending cash balance 5 (191,600) 5 543.400$ 625.000 $ 1474.200