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help me calculate the wrong values for part c part d and part e. the values that have a red cross are wrong values Developing

help me calculate the wrong values for part c part d and part e. the values that have a red cross are wrong values image text in transcribed
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Developing a Master Budget for a Merchandising Organization Assume Nordstrom prepares budgets quarterly. The following information is avalable for use in planning the second quarter budgets for one of its stores (in thousands) Actual and forecasted sales for selected months in the upcoming year are as follow: Nonthly operating expenses ane as follows: Actud and forecasted sales for selected montis in the upoomengyear are as follown. Monifily operaturc espenses are as follow: end of the month is is borrowed. Cash dividends for the store of $710 thousand are declared during the third month of each quarter and are paid during the first month of the depreciation are paid as incurred. The prepaid insurance is for five more months. Cost of goods sold is equal to 6096 of sales. Ending inventor Purchases during any given month are paid in full during the following month. Cash sales account for 50% of the revenue. Of the credit sales, month after. Money can be borrowed and repaid in multiples of $100 thousand at an interest rate of 12% per year. The company desires a m time the principal is repaid, interest is paid on the portion of principal that is repaid. All borrowing is at the beginning of the month, and all re, end of the month it is borrowed. (d) Prepare a cash budget for each month of the second quarter ending fune 30. Include budgeted borrowings and repoyments. Only use negative signs, if needed, for excess receipts over disbursements, balance before borrowings and cash balances (beginning and ending). (e) Prepare an income statement for each month of the second quarter ending June 30. Only use negative signs to show net losses for income

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