Homework: Chapter 22 Assignment Score: 0 of 10 pts P22-39A (similar to) Hber Company has providad tetlowingtudgat inormation for firstaater of 2018: 18 of 20 (18 compieta) HW Score: 62.1%, 37.88 of 61 pts Question Haip |Addton data nalatod to the frst quarter of 2018 for Huber Company: GDaick the ion to view t bud t intrmaton (Cick the lcon to w th data) Requirement 1. Propare Hluber Company's schadui of cash necipts from customars and achedule of cash payments for the first quartor of 2018 Bagin by proparing the schaduie of cash nacoits from ctomers for the frat quarter o Cach Recelptc from Cuctomert Data Table Firet Quarter 211,000 Budgoted puchae ot dinact matorials Bdgd diact labor Budgoted manufacturing overhaad cots Cach Receipts from customer Rocivabie baiance Decombar 31, 2017 arable manufacturing ovamoad 1,125 Total cash Inauranco and proparty txes 6,750 Aooounts Racelvable belanoe Maroh 31 Budgoted saling and administrative cxpan Sales colectod in 2nd Otr Rant cxpane 1700 1 Mone Into Captal 0pendues idude $36,000 lor new man actrlngaquipment to be purchased and pald in the irst quartar Cash racaipts are 80% of sales i the quarter of the sie and 20% n the qarter folowing tha sala Dract materials prchases ae paid 70% nthe quater pnrased and 2016 in the next quarter Dinact labor,manutacturing ovamond and seling and adiministrative contsan pald in the quarter incumed Income tax expense lorthe fitquarter the quanor incumad Print Dona b. 0. d. projQdad at $40,000 and is paid in f. Hubar Company axpacts to have adoquato cach funds and does not anticpato bormowing in the first quator The Dacember 31, 2017, balance in Cash is $14,000, in Accounts Racvable 526 200, and in Accounts Payable is $8,000 Check