Help please!

John Wills, Coronado & Hill Fabricators' budget director, has received budget information from several managers and is preparing the company's cash budget. Quarter 281,925 511,875 545,600 1,339,400 179,760 494,550 277,184 189,005 anuary February March Collections from sales Payments for direct materials Payments for direct labor Payments for manufacturing overheads Payments for Selling & administrative expenses 42,250 63,000 74,510 116,550 200,550 177,450 92,836 65,890 90,704 54,075 93,644 69,040 In addition to the information he received from these managers, John knows the following: . Bates & Hill plans to have $66,000 in its cash account on January 1 Bates & Hill plans to declare and pay dividends totaling $49,000 in January Bates &Hill plans to purchase and pay cash for a piece of land in February at a cost of $75,600 Bates & Hill plans to make a cash purchase of equipment in March at a cost of $63,000 Bates & Hill's income taxes from last quarter totaling $79,020 will be paid in January Bates &Hill is required to maintain a minimum cash balance of $31,500 in its account at First National Bank. Coronado & Hill has negotiated with the First National Bank to provide a $184,000 line of credit that can be borrowed against in $1,000 increments on the first day of the month. Any repayments on the line of credit must also be made in $1,000 increments and are made on the last day of the month when cash is available. The annual interest rate on this line of credit is 13%. Any time a principal payment is made, all accrued interest to date is repaid