can you please help me with this problem ?

You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retall outlets located in shopping malls across the country In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting. you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below The company selis many styles of earrings, but all are sold for the same price $18 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings) The concentration of sales before and during May is due to Mather's Day Sufficient inventory should be on hand at the end of each month to supply 40% of the eartings sold in the following month Suppliers are pak $5.90 for a pair of earnags. One-haif ot a mantis purchases is poid for in the month of purchase, the other faif is paid for in the following month. All sales ore on credit. Only 20% of a montis sales are collected in the month of sale. An additional 70% is coltected in the following month, and the remaning 10%6 is collected in the second month following sale Bad debts have been negigible Montly operating expentes for the company are given below Lrsutarice bs pasd on ak anntsolbasis, in fovember of adch yeitr The company plans to purchase $25,500 in new equipment during May and $59.000 in new equipment during June; both purchases will be for cash. The company declares dividends of $29,250 each quarter, payable in the first month of the following quarter. The company's balance sheet as of March 31 is given below The company maintains a minimum cash balance of $69,000. All borrowing is done at the beginning of a month, any repoyments are made ot the end of a month The company has an agreement wath a bank that allows the compony to borrow in increments of $1.000 at the beginning of each month The interest rate on these loans is N per month and for simplicity we will assume that interest is not compounded At the ond of the quarte, the company would pay the bank all of the accumblated intereat on the loan and as much of the loan as possible han increments or $1000, while still retaining at least $69.000in cosh Required: Prepare a master budget for the three month period ending June 30 include the following detalled schedules 1. A soles budget, by month and in total b A schedule of expected cash colfections, by month and in total C. A merchandise purctrases budget in unhs and n golars Show the buoget by month and in total a A schedute of expected cosh disbursements for merchandtio puichnses, by month and in total 1. a. A sales budget, by month and in total. b. A schedule of expected cash collections, by month and in total. c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total d. A schedule of expected cash disbursements for merchandise purchases, by month and in total 2. A cash budget Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $69.000 3. A budgeted income statement for the three-month period ending June 30 . Use the contribution approach. 4. A budgeted balance sheet as of June 30 Complete this question by entering your answers in the tabs below. Prepare a master budget for the three-month period ending June 30 that includes a sales budget, by month and in total. Complete this question by entering your answers in the tabs below. Prepare a master budget for the three-month period ending June 30 that includes a schedule of expected cash collections, b month and in total. Complete this question by entering your answers in the tabs below. Prepare a master budget for the three-month period ending June 30 that includes a merchandise purchases budget in units and in dollars. Show the budget by month and in total. (Round unit cost to 2 decimal places.) Complete this question by entering your answers in the tabs below. Prepare a master budget for the three-month period ending June 30 that includes a schedule of expected cash disbursements for merchandise purchases, by month and in total. Prepare a master budget for the three-month period ending June 30 that includes a cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $69,000. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Prepare a master budget for the three-month period ending June 30 that includes a budgeted income statement for the threemonth period ending June 30 . Use the contribution approach. Prepare a master budget for the three-month period ending June 30 that includes a budgeted balance sheet as of June 30