Help please!! Answer must be in the exact Excel Formula to be correct!! Please show exactly how to type it into Excel!!

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1. Prepare a sales budget. Including a schedule of expected cash collections. 2. Prepare a direct materials budget Including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget All answers must be entered as a formula. Click OK to begin. OK 1 1. Prepare a sales budget. Including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. s XJ A5 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel 2 - Kipped FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW Sign In > 0 Calibri 11 A A % EC- Paste BIU- - A Alignment Number Cells Editing eBook Conditional Formatas Cell Formatting Table Styles Styles Clipboard Font A1 S&P Enterprises needs a cash budget for March. The following information is Print B A 0 1 S&P Enterprises needs a cash budget for March. The following information is available. D E erences 2 3 Vanuary February Warch Data 4 Actual January and February and expected March sales 5 Cash sales 6 Sales on account $ 1600 $ 7 Total Sales 25.000 3.750 $ 5,100 30,000 40,000 133.750 S 45, 100 8 IS 126,600 S 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 13 Uncollectible 15% 6096 2296 14 Blo 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: Month of purchase 19 Month following purchase $10,500 $23.500 18 6096 406 1. Prepare a sales budget, including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget X] ? 5 X Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW INTEM FILE HOME Sign In Calibri 11 - AA % Paste BIU Cells Editing Alignment Number Conditional Format as cell Formatting Table Styles Styles Clipboard Font A1 S&P Enterprises needs a cash budget for March. The following information is v A B c D 17 Inventory payments: 18 Month of purchase 60%6 19 Month following purchase 40% 20 21 Total budgeted selling & administrative expenses in March $12.500 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $0 31 March 1 interest due SO 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 2 X x Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 A A % Paste BIU - AL- Alignment Number delis Editing Conditional Format as del Formatting Table Styles Styles Cipboard Font TE 2 A1 Did S&P Enterprises needs a cash budget for March. The following information is . A B 0 DI E 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings so 31 March 1 interest due $0 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 39 2. Schedule of expected cash disbursements for inventory purchases for March. 40 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month. 41 42 43 44 45 1. Prepare a sales budget, including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. 2 X X 5. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW MEMMI Sign In Calibri % Paste A- B das Editing Alignment Number Conditional Formatas del Formatting Table Styles Styles Clipboard Font > Al Expected cash collections: A B o D E es 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales 6 March sales 7 Total cash collections 8 B 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 14 S&P Enterprises 15 Cash Budget 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total rash available Xa Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel 2 5 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in X , Calibri E % Paste U A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Cipboard Font