Hi I would like some help on the blank ones. Information is provided below and I apologize that I couldn't make the question shorter, but please do help!

$ 713,500 DIMSDALE SPORIS COMPANY Estimated Balance Sheet December 31, 2019 Assets Cash $ 36,000 Accounts receivable 520,000 Inventory 157,500 Total current assets Equipment 540,000 Less: Accumulated depreciation 67,500 Equipment, net Total assets Liabilities and Equity Accounts payable $ 355,000 Bank loan payable 13,000 Taxes payable (due 3/15/2020) 90,000 Total liabilities Common stock 473,000 Retained earnings 255,000 Total stockholders' equity Total liabilities and equity 472,500 $ 1,186,000 $ 458,000 728,000 $ 1,186,000 To prepare a master budget for January, February, and March of 2020, management gathers the following information. a. The company's single product is purchased for $30 per unit and resold for $56 per unit. The expected inventory level of 5,250 units on December 31, 2019, is more than management's desired level, which is 20% of the next month's expected sales (in units). Expected sales are January 7,500 units; February, 9,000 units; March, 10,750 units; and April, 10,000 units. b. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 57% is collected in the first month after the month of sale and 43% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $130,000 is collected in January 2020 and the remaining S390,000 is collected in February 2020. c. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $70,000 is paid in January 2020 and the remaining $285,000 is paid in February 2020. d. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $84,000 per year. e. General and administrative salaries are $144,000 per year. Maintenance expense equals $2,100 per month and is paid in cash. f. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $40,800; February, $100,800; and March, $24,000. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month's depreciation is taken for the month in which equipment is purchased. g. The company plans to buy land at the end of March at a cost of $165,000, which will be paid with cash on the last day of the month. h. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $37,000 at the end of each month. i. The income tax rate for the company is 43%. Income taxes on the first quarter's income will not be paid until April 15. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Calc Required 6 Cash Bud Required 7 Required 8 Monthly sales budgets. DIMSDALE SPORTS CO. Sales Budget For January, February, and March 2020 Budgeted Unit Budgeted Budgeted Total Sales Unit Price Dollars January 7,500 $ 56 420,000 February 9,000 56 504,000 March 10,750 56 602,000 Totals for the quarter 27,250 1,526,000 Required 1 Required 2 Boforonaan Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Calc Required 6 Cash Bud Required 7 Required 8 Monthly merchandise purchases budgets. DIMSDALE SPORTS CO. Merchandise Purchases Budget January, February, and March 2020 January February 9,000 10,750 20% 20% March Total 10,000 20% 1,8001 2,150 2,000 7,500 Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units) Budgeted units sales for month Required units of available merchandise Beginning inventory (units) Units to be purchased Budgeted cost per unit Budgeted merchandise purchases 9,000 11,150 10,750 12,750 9,300 1,500 7,800 1,800 9,350 27,750 2,150 10,600 30 318,000 $ $ 30 $ $ 30 234,000 30 832,500 $ $ 280,500 $ $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Calc Required 6 Cash Bud Required 7 Required 8 Monthly selling expense budgets. DIMSDALE SPORTS COMPANY Selling Expense Budget January, February, and March 2020 January February $ 420,000 $ 504,000 20% 20% Total $ Budgeted sales Sales commission percent Sales commissions March 602,000 20% 305,200 Sales salaries Total budgeted selling expenses 84,000 7,000 91,000 100,800 7,000 107,800 $ 120,400 $ 7,000 127,400 $ 21,000 326,200 $ $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Calc Required 6 Cash Bud Required 7 Required 8 Monthly capital expenditures budgets. DIMSDALE SPORTS COMPANY Capital Expenditures Budget January, February, and March 2020 January February $ 40,800 $ 100,800 $ March Total 165,600 24,000 $ Equipment purchases Land purchase 0 $ 0 165,000 165,000 Total $ 40,800 $ 100,800 $ 189,000 $ 330,600 References Calculation of Cash receipts from customers: March January 7,500 February 9,000 Sales in units 10,750 Selling price per unit $ 420,000.00 Total budgeted sales $ 315,000 $ 420,000.00 $ 420,000.00 $ $ 3,780,000,000 4,515,000,000 126,000 150,500 $ 2,835,000,000 3,386,250,000 Cash sales 25% 105,000 Sales on credit $ 75% -Collected in- March 31 Total January March Receivable Accounts Receivable - January February 130,000 $ 390,000 $ 520,000 $ Credit sales from: January $ 0 February 2,835,000,000 0 March 3,386,250,000 Total collection of receivables $ 130,000 $ 390,000 $ 0 $ 0 Total cash receipts from customers January February March Current month's cash sales Collections of receivables Calculation of payments for merchandise: January February March Desired ending inventory lunits) Budgeted sales in units Total units required Beginning inventory (units) Number of units to be purchased Cost per unit Total cost of purchases -Paid in ----------- March 31 Total January February March Payable 355,000 $ 70,000 $ 285,000 Accounts Payable - January 1 Merchandise purchases in: January 0 February o March o Total cash paid for merchandise $ 70,000 $ 285,000 0 $ 0 DIMSDALE SPORTS CO. Cash Budget January, February, and March 2020 January February Beginning cash balance $ 36,000 $ 37,000 $ Cash receipts from customers 235,000 695,550 Total cash available 271,000 732,550 March 119,440 501,410 620,850 Cash payments for: Sales commissions Sales salaries General & administrative salaries 84,000 7,000 100,800 7,000 120,400 7,000 12,000 12,000 2,100 40,800 12,000 2,100 Maintenance expense Purchases of equipment Purchase of land 100,800 2,100 24,000 165,000 0 0 Interest on bank loan 130 580 0 13,000 0 58,030 331,800 70,000 243,300 0 0 90,000 Additional loan (loan repayment) Merchandise Taxes payable Total cash payments Preliminary cash balance Interest on bank loan Ending cash balance 229,030 613,110 119,440 41,970 (4,970) 37,000 $ 663,800 (42,950) 79,950 0 $ 119,440 Loan balance January February March $ 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 6 Calc Cash Bud Required 7 Required 8 Budgeted income statement for the entire first quarter (not for each month). (Round your final answers to the nearest whole dollar.) DIMSDALE SPORTS CO. Budgeted Income Statement For Three Months Ended March 31, 2020 Sales $ 1,526,000 Cost of goods sold 832,500 Gross profit 693,500 Operating expenses Sales commissions expense $ 305,200 Sales salaries expense 21,000 General administrative salaries 36,000 Maintenance expense 6,300 Depreciation expense 710 Interest expense 20,500 Total operating expenses 389,710 Income before taxes 303,790 Income tax expense 130,630 Net income $ 173,160 DIMSDALE SPORTS CO. Budgeted Balance Sheet March 31, 2020 Assets Cash $ Accounts receivable 37,000 614,040 60,000 Merchandise Inventory Total current assets $ 711,040 Land 0 Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Liabilities Accounts payable Bank loan payable Income taxes payable Total liabilities Stockholders' Equity Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Equity