I am trying to complete tabs 6 calc, 6 Cash Bud, 7 and 8. Can you assist?

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 $57 per unit. The expected inventory level of 4,750 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, 7,250 units; February, 9,250 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, 61% is collected in the first month after the month of sale and 39% in the second month after the month of sale. For the December 31,2019, accounts receivable balance, $120,000 is collected in January 2020 and the remaining $400,000 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, $65,000 is paid in January 2020 and the remaining $305,000 is paid in February 2020. d. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $90,000 per year. e. General and administrative salaries are $156,000 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 straightline method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $33,600; February, $96,000; and March, $19,200. 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. 9. The company plans to buy land at the end of March at a cost of $155,000, which will be paid with cash on the last day ofthe 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 monthend 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 39%. Income taxes on the rst quarter's income will not be paid until April 15. - . Monthly cash budgets. . Budgeted income statement for the entire first quatter (not for each month). '= Budgeted balance sheet as of March 31, 2020. Complete-this question-by entering-your answers; in the-mkshelow. Required 6 Calc Required 6 Required 4 ReqUired 5 Cash Bud Required 1 Required 2 Required 3 Required ? Required 8 Calculate the budgeted cash receipts and cash payments. (NegatiVe values should be indicated with minus sign. Round your final answers to the nearest whole dollar.)- Calculation of Cash receipts from customers: Sales in units Selling price per unit Total budgeted sales Cash sales 25% Sales on credit 75% Near the end of 2019, the management of Dimsdale Sports (30.. a merchandising company, prepared the following estimated balance sheet for December 31, 2019. DIHSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2819 Asset: Cash $ 35,533 Accounts receivable 528,888 Inventory 142,588 Total current assets $ 698,888 Equipment 588,888 Less: Accumulated depreciation 73,588 Equipment, net 514,588 Total assets $ 1,212,588 Liabilities and Equity Accounts payable $ 378,888 Bank loan payable 13,888 Taxes payable [due 3/15/2828) 91,888 Total liabilities $ 474,888 Common stock 478,588 Retained earnings 268,888 Total stockholders' equity 738,588 Total liabilities and equity $11212J588 To prepare a master budget for January, February, and March of 2020, management gathers the following information