Hello, 7-28 I need help with. thanks

0IlA monthly or quarterly, dropping one period and adding Strategic planning sets the rom ree? 1.27 Cash Budgeting l Anna Carlson are preparing a plan to submit to venture capitalists to fund their business, rs. The company plans to spend $380,000 on equipment in the first quarter of 2 int Masters 0X7 nd other operating expenses (paid as incurred) will be $35,000 per month beginning in 20x7 and will continue at that level thereafter. The company will receive its first revenues in 20X8, with cash collections averaging $30,000 per month for all of 20X8. In January 20X9. ary ry get lections are expected to increase to $100.000 per month and continue at that level thereafter eeds enough funding to cover all its cash needs until cash receipts e that the company n es it exceeding cash disbursements. How much venture capital funding should Blake and Anna seek? sh 1.28 Purchases and Cost of Goods Sold ugeil Products, a wholesaler of fishing equipment, budgeted the following sales for the indicated months: August 20x8 $1,910,000 274,000 $2,184,000 July 20X8 $1,920,000 June 20X8 $1,850,000 130,000 $1,980,000 ales on account Cash sales Total sales 156,000 $2,076,00 All merchandise is marked up to sell at its invoice cost plus 20%. Target merchandise inventories beginning of each month are 25% of that month's projected cost of goods sold. npute the budgeted cost of goods sold for the month of June 20X8. pute the budgeted merchandise purchases for July 20x8. Purchases and Sales Budgets TIare made on credit. Sales are billed twice monthly, on