Complete required part 5-10 please ! thank you

Check my Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 Ded Book The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash 80,000 Accounts receivable 364,000 Raw materials inventory 96,000 Finished goods inventory 364,800 Total current assets 984,800 Equipment, gross 610,000 Accunulated depreciation (155,000 Equipment, net 455,000 Total assets $1,359,800 Liabilities and Equity Accounts payable $ 195,500 Short-term notes payable 17,000 Total current abilities 212,500 Long-tern note payable 510,000 Total liabilities 722,500 Connon stock 340,000 Retained earnings 297300 Total stockholders' equity Total liabilities and equity $1,359,800 Print References To prepare a master budget for April, May, and June of 2017, management gathers the following information: a. Sales for March total 20,000 units. Forecasted sales in units are as follows: April 20,000, May 19,000: June, 19,500; and July 20,000 Sales of 245.000 units are forecasted for the entire year. The product's soling price is $26.00 per unit and its total product cost is $22.80 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements The March 31 raw materials inventory is 4,800 units, which complies with the policy. The expected June 30 ending raw materials Inventory is 4.500 units, Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials, Connect Ch 20 Problems) Saved Help Save & E Che 1 20 points Skoord C. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit soles. The March 31 finished goods inventory is 16,000 units, which complies with the policy d. Each finished unit requires 0.50 hours of direct laborat a rate of $20 per hour. e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.20 per direct labor hour. Depreciation of $23,400 per month is treated as fixed factory overhead # Sales representatives' commissions are 6% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,500 g. Monthly general and administrative expenses include $17000 administrative salaries and 0.9% monthly interest on the long-term note payable n. The company expects 30% of sales to be for cash and the remaining 70% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale) I. All raw materials purchases are on credit, and no poyables arise from any other transactions. One month's raw materials purchases are fully paid in the next month 1. The minimum ending cash balance for all months is $45,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Shortterm notes require an interest payment of 1% at each month-end before any repayment). if the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance k. Dividends of $15,000 are to be declared and paid in May. 1. No cash payments for Income taxes are to be made during the second calendar quarter Income tax will be assessed at 35% in the quarter and paid in the third calendar quarter m. Equipment purchases of $135,000 are budgeted for the last day of June. Doo References Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar): 1. Sales budget 2. Production budget 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget 6. Selling expense budget. 7. General and administrative expense budget 8. Cash budget 9. Budgeted income statement for the entire second quarter inot for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Factory overhead budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Factory Overhead Budget April, May, and June 2017 April May June Total ances Labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total overhead ME MT GE S Prov 1 of 1 Hii Next Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Selling expense budget. ZIGBY MANUFACTURING Selling Expense Budget April, May, and June 2017 April May June Budgeted sales Sales commissions Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 General and administrative expense budget. ZIGBY MANUFACTURING General and Administrative Expense Budgets April, May, and June 2017 April May June Total budgeted G&A expenses Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) ints Calculation of Cash receipts from customers: April May June Skipped Total budgeted sales Cash sales Sales on credit 30% 70% eBook Total cash receipts from customers April May June Print Current month's cash sales Collections of receivables References ZIGBY MANUFACTURING Cash Budget April, May, and June 2017 April May June Beginning cash balance Total cash available Cash payments for Ch 20 Problem(s) Saved 1 20 points Skipped eBook 0 0 0 Total cash payments Preliminary cash balance Print Ending cash balance References Loan balance April May June Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar.) bed ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2017 Book Print Operating expenses ferences Total Operating expenses 0 0 $ 0 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted balance sheet. (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2017 Assets Total current assets $ 0 Equipment, net Total assets Liabilities and Equity Liabilities Total current abilities Stockholders' Equity