EyeLight, Incorporated, a distributor of cosmetics$,$ is in the process of assembling a cash budget for the first quarter of $20$x$1.$ The Required $1$

Required $2$

Required $3$

Prepare a schedule that discloses the firm's total cash disbursements for January through March.

$\backslash$table$[[,$January,February,March$],[$Payment of accounts payable,,,$],[$Payment of January purchases,,,$],[$Payment of February purchases,,,$],[$Payment of March purchases,,,$],[$Cash operating costs,,,$],[$Total cash disbursements,,,$]]$ Required $2$

Required $3$

Prepare a schedule that summarizes the firm's financing cash flows for January through March.

$\backslash$table$[[,$January,February,March$],[$Beginning cash balance,,,$],[$Total receipts,,,$],[$Subtotal$,,,],[$Less: Total disbursements,,,$],[$Cash excess $($deficiency$)$ before financing,,,$],[$Financing:$,,,],[$Borrowing to maintain $$90,000$ balance,,,$],[$Loan principal repaid,,,$],[$Loan interest paid,,,$],[$Ending cash balance,,,$]]$

following information has been extracted from the company's accounting records:

All sales are on account. Sixty percent of customer accounts are collected in the month of sale; $30$ percent are collected in the

following month. Uncollectibles amounting to $10$ percent of sales are anticipated, and management believes that only $20$ percent of

the accounts outstanding on December $31,20$x$0,$ will be recovered and that the recovery will be in January $20$x$1.$

Sixty percent of the merchandise purchases are paid for in the month of purchase; the remaining $40$ percent are paid for in the

month after acquisition.

The December $31,200,$ balance sheet disclosed the following selected figures: cash, $$90,000$; accounts receivable, $$210,000$; and

accounts payable, $$75,000.$

EyeLight, Incorporated, maintains a $$90,000$ minimum cash balance at all times. Financing is available $($and retired$)$ in $$1,000$

multiples at an $10$ percent interest rate, with borrowings taking place at the beginning of the month and repayments occurring at the

end of the month. Interest is paid at the time of repaying principal and computed on the portion of principal repaid at that time.

Additional data:

Required:

Prepare a schedule that discloses the firm's total cash collections for January through March.

Prepare a schedule that discloses the firm's total cash disbursements for January through March.

Prepare a schedule that summarizes the firm's financing cash flows for January through March.

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Prepare a schedule that discloses the firm's total cash collections for January through March.