Can you help me solve for the following blank spaces for 1)Cash Collections, 2)cash disbursements, 3) net cash flow and cash balance, and 4) short term financial plan- using the provided template(s)? Thank you very much!

You have recently been hired by Piepkom Manufacturing to work in the newly established treasury department. Piepkom Manufacturing is a small company that produces cardboard boxes in a variety of sizes for different purchasers. Gary Piepkom, the owner of the company, works primarily in the sales and production areas of the company. Currently, the company puts all receivables in one shoe box and all payables in another. Because of the disorganized system, the finance area needs work, and that's what you've been brought in to do. The company currently has a cash balance of $140,000 (beginning cash balance in Ql), and it plans to purchase new box-folding machinery in the fourth quarter at a cost of $445,000 (This will be a capital expenditure). The machinery will be purchased with cash because of a discount offered. The company's policy is to maintain a minimum cash balance of $125,000 All sales and purchases are made on credit. Gary Piepkom has projected the following gross sales for each of the next four quarters: 01 02 03 04 Gross sales S1,240,000 S1,310,000 $1.370.000 S1,450,000 Also, gross sales for Q5 (the first quarter of next year) are projected at $1,290,000. Piepk currently has an accounts receivable period of 30 days (it collects 2/3 this quarter and the remaining 1/3 next quarter) and an accounts receivable balance of S5000,000. Twenty percent of the accounts receivable balance in Ql is from a company that has just entered bankruptey, and it is likely this portion of the accounts receivable will never be collected. Piepkorn typically orders 50 percent of next quarter's projected gross sales in the current quarter and suppliers are typically paid in 30 days (2/3 paid this quarter and the remaining 1/3 next quarter). Beginning payables are $325,000. Wages, taxes, and gross sales. The company has a quarterly interest payment of S113,000 on its long-term debt and does not pay a dividend. other costs run about 30 percent of The company uses a local bank for its short-term financial needs. It pays 1.5 percent per quarter on all short-term borrowing. Gary has asked you to prepare a cash budget and short-term financial plan for the company under the current policies