Corporation has the following budgeted sales and purchases for the first four months of 2015

Month Sales Purchases

January $230,000 $75,000

February $200,000 $60,000

March $140,000 $90,000

April $180,000 $80,000

Historically, the following trend has been established regarding cash collections from customers:

80 percent in the month of sale

20 perent in the month following the sales

Ending materials inventory is equal to 25 percent of next month's purchase

Half of the purchases are pain in the month of purchase, and the other half is paid in the month following the purchase.

Actual accounts receivable and accounts payable balances on December 31, 2014 are $120,000 and $50,000, respectively.

REQUIRED:

A. What are the total budgeted salef for the first quarter of 2015?

B. What is the estimated cash collected from customers during January 2015?

C. What is the estimated cash collected from customers during February 2015?

D. What is the budgeted accounts receivable balance at the end of January 2015?

E. What is the budgeted beginning inventory balance for March 2015?

F. What is the amount fo cash paid to suppliers for inventory purchases in January 2015?

G. What is the ending budgeted accounts payable for January 2015?