Help please

Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company's bank late in the current year seeking short-term financing, he was told that money was very tight and that any borrowing over the next year would have to be supported by a detailed statement of cash collections and disbursements. The treasurer also was told that it would be very helpful to the bank if borrowers would indicate the quarters in which they would be needing funds, as well as Because the treasurer is unsure as to the particular quarters in which bank financing will be needed, he has assembled the following information to assist in preparing a detalled cash budget: a. Budgeted sales and merchandise purchases for next year, as well as actual sales and purchases for the last quarter of the current year, are: b. All sales are on account. The company normally collects 65% of a quarter's sales before the quarter ends and another 33% in the following quarter. The remainder is uncollectible. This pattern of collections is now being experienced in the current year's fourth. c. Eighty percent of a quarter's merchandise purchases are paid for within the quarter. The remainder is paid for in the following d. Selling and administrative expenses for next year are budgeted at $50,000 per quarter plus 15% of sales. Of the fixed amount, $20,000 each quarter is depreciation. e. The company will pay $10,000 in dividends eech quarter f. Land purchases or $75.000 purchases will be for cash must be maintained. Dutchases of $48,000 will be made in the third quarter These The treasurer feels that this represents a minimum bolance that $100,000. The interest rate on towing in increments of $1,000 at the beginning of each quarter, up to a total loan balance of The company would, as for as it is able repay the loan quarter and for simplicity we will assume that interest is not compounded. 1. At present, the company has no loans outstanding. Required: 1. Calculate the expected cash collections by quarter and in total for next year. 2. Calculate the expected cash disbursements for merchandise purchases by quarter and in total for next year: 3. Calculate the expected cash disbursements for selling and administrative expenses, by quarter and in total for next year: 4. Prepare a cash budget by quarter and in total for next year. Complete this question by entering your answers in the tabs below. 1. Calculate the expected cash collections by quarter and in total for next year. 2. Calculate the expected cash disbursements for merchandise purchases by quarter and in total for next yeat. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for selling and administrative expenses, by quarter and in total far navh i.ni. Complete this question by entering your answers in the tabs below. Prepare a cash budget by quarter and in total for next year. (Cash deficiency, repayments and interest should be indicated by a minus sign