Help with this Income statement and balance sheet at the end of this. The total Assets is suppose to equal $227,842

Please expain how you got your answers!

Balance Sheet, March 31, 2001
Cash	$9,000
Accounts receivable	85,210
Raw material inventory	8,408
Finished goods inventory	11,450
Equipment (net)	125,000
Total assets	$239,068
Accounts payable	$8,520
Common stock	150,000
Retained earnings	80,548
Total liabilities & equity	$239,068
Actual and Budgeted Unit Sales, 2001	Paddles	Seats
January	1,900	1,300
February	2,000	1,400
March	2,700	1,300
April	2,400	1,100
May	2,600	1,300
June	2,300	1,000
July	2,900	900
August	3,000	1,000
Manufacturing Standards
		Paddles	Seats
Materials:	Cost	Quantity	Quantity
Resin A	$0.45	2	3
Hardner Q	0.70	5	2
Labor:
Dept. 1	$7.00	0.30	0.20
Dept. 2	8.00	0.20	0.20
Factory Overhead:
Dept. 1	$5.00	0.30	0.20
Dept. 2	11.00	0.20	0.20
Other Data
Selling price:
Paddles			$20
Seats			$14
Beginning inventories:
Paddles (units)			720
Seats (units)			330
Resin A (liters)			5,040
Hardner Q (liters)			8,772
Desired ending inventories (% of next month's sales):
Finished goods inventory (units)			30%
Raw material inventory (units)			60%
Collections from customers:
% Collected month of sale			15%
% Collected month after sale			45%
% Collected two months after sale			40%
Cash payments to suppliers:
% Paid in month of purchase			40%
% Paid in following month			60%
Selling and administrative expenses:
Variable (% of total sales)			7%
Fixed: Cash			$24,000
Depreciation			$1,000
Factory overhead depreciation rate (per hour)			$1
Answer Section
Sales Budget
	April	May	June
Canoe paddles	$48,000	$52,000	$46,000
Toilet seats	15,400	18,200	14,000
Total	$63,400	$70,200	$60,000
Production Budget (Units)
Canoe Paddles	April	May	June
Desired ending inventory	780	690	870
This month's sales	2,400	2,600	2,300
Total needed	3,180	3,290	3,170
Beginning inventory	720	780	690
Production required (units)	2,460	2,510	2,480
Toilet Seats
Desired ending inventory	390	300	270
This month's sales	1,100	1,300	1,000
Total needed	1,490	1,600	1,270
Beginning inventory	330	390	300
Production required (units)	1,160	1,210	970
Purchases Budget
Resin A	April	May	June
Desired ending inventory	5,190	4,722	5,190
Required for production	8,400	8,650	7,870
Total needed	13,590	13,372	13,060
Beginning inventory	5,040	5,190	4,722
Purchases required (units)	8,550	8,182	8,338
Purchases required (dollars)	$3,848	$3,682	$3,752
Hardner Q
Desired ending inventory	8,982	8,604	9,906
Required for production	14,620	14,970	14,340
Total needed	23,602	23,574	24,246
Beginning inventory	8,772	8,982	8,604
Purchases required (units)	14,830	14,592	15,642
Purchases required (dollars)	$10,381	$10,214	$10,949
Total purchases budgeted (dollars)	$14,229	$13,896	$14,702
Direct Labor Budget
	April	May	June
Labor hours needed for production:
Department 1	970	995	938
Department 2	724	744	690
Total	1,694	1,739	1,628
Cost of direct labor:
Department 1	$6,790	$6,965	$6,566
Department 2	5,792	5,952	5,520
Total	$12,582	$12,917	$12,086
Factory Overhead Budget
	April	May	June
Department 1	$4,850	$4,975	$4,690
Department 2	7,964	8,184	7,590
Total	$12,814	$13,159	$12,280
Projected Cost of Goods Sold
Unit cost of canoe paddles		$11.80
Unit cost of toilet seats		$8.95
	April	May	June
Canoe paddles	$28,320	$30,680	$27,140
Toilet seats	9,845	11,635	8,950
Total cost of goods sold	$38,165	$42,315	$36,090
Cash Budget
	April	May	June
Cash balance, beginning	$9,000	$9,000	$9,000
Cash receipts:
Collections from customers:
From February sales	23,840
From March sales	32,490	28,880
From April sales	9,510	28,530	25,360
From May sales		10,530	31,590
From June sales			9,000
Total cash available	$74,840	$76,940	$74,950
Cash disbursements:
Raw material acquisitions:
From March purchases	8,520
From April purchases	8,537	8,537
From May purchases		5,559	8,338
From June purchases			5,881
Direct labor	12,582	12,917	12,086
Factory overhead	11,120	11,420	10,652
Selling and administrative	34,032	28,914	28,200
Interest paid	0	90	84
Total disbursements	$74,791	$67,436	$65,241
Cash balance before financing	$49	$9,504	$9,709
Less desired ending balance	9,000	9,000	9,000
Excess (deficit) of cash over needs	($8,951)	$504	$709
Line of Credit:
Borrowing	$8,951	$0	$0
Repayment	0	(504)	(709)
Total effects of financing	$8,951	($504)	($709)
Cash balance, ending	$9,000	$9,000	$9,000
Forecasted Income Statement
For Quarter Ended June 30, 2001
Sales			$0
Cost of goods sold			$0
Gross profit			$0
Expenses:
Selling and administrative			$0
Interest expense			174
Total expenses			$0
Net income			$0
Forecasted Balance Sheet
June 30, 2001
Assets
Cash			$9,000
Accounts receivable			$0
Raw material inventory			$0
Finished goods inventory			$0
Equipment (net)			$0
Total assets			$0
Liabilities and Equity
Accounts payable			$0
Line of credit payable			$0
Common stock			150,000
Retained earnings			$0
Total liabilities & equity			$0