I just need help filling in the blanks for the balance sheet on the worksheet, the information above is to use to help with filling in the balance sheet, thank you

a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 510,000 $ 710,000 $ 410,000 $ 310,000 357,000 497,000 287,000 217,000 153,000 213,000 123,000 93,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expense* Total selling and administrative expenses Net operating income 71,000 91,000 40,500 53,600 111,500 144,600 $ 41,500 $ 68,400 52,000 32,600 84,600 38,400 $ 31,000 29,000 60,000 33,000 $ *Includes $13,000 of depreciation each month. non Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. Schedule of Expected Cash Collections April May June $ 102,000 $ 142,000 $ 82,000 Quarter Cash sales $ 326,000 Sales on account: February 11,600 131,200 11,600 147,600 March 16,400 April 40,800 326,400 40,800 408,000 May 56,800 454,400 32,800 511,200 32,800 June Total cash collections $ 285,600 $ 541,600 $ 610,000 $ 1,437,200 Prepare the following for merchandise inventory, a merchandise purchases budget for April, May, and June. Merchandise Purchases Budget April May June Budgeted cost of goods sold $ 357,000 $ 497,000 $ 287,000 Add: Desired ending merchandise inventory 99,400 57,400 43,400 Total needs 456,400 554,400 330,400 Less: Beginning merchandise inventory 71,400 99,400 57,400 Required inventory purchases $ 385,000 $ 455,000 $ 273,000 Prepare the following for merchandise inventory, a schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. Quarter $ 93,100 Schedule of Expected Cash Disbursements for Merchandise Purchases April May June Beginning accounts payable $ 93,100 April purchases 192,500 192,500 May purchases 227,500 227,500 June purchases 136,500 Total cash disbursements $ 285,600 $ 420,000 $ 364,000 385,000 455,000 136,500 1,069,600 $ Garden Sales, Inc. Cash Budget For the Quarter Ended June 30 April $ 43,000 $ 285,600 328,600 June Quarter May 40,500 $ Beginning cash balance Add collections from customers Total cash available 541,600 40,500 $ 610,000 650,500 43,000 1,437,200 1,480,200 582, 100 Less cash disbursements: 285,600 71,000 420,000 91,000 364,000 52.000 1,069,600 214,000 27,500 40,600 19,600 87,700 29,000 21,000 Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayment 29,000 21,000 1,421,300 58,900 435,600 405,100 (76,500) 580,600 1,500 214,900 117,000 39,000 156,000 (156,000) (4,290) Interest (156,000) (4,290) (160,290) 54,610 39,000 (4.290) Total financing Ending cash balance 117,000 40,500 $ $ 40,500 $ $ 54,610 piesert Check figures provided. 1) Let's prepare a balance sheet for Garden Sales, Inc. at the BEGINNING of the quarter March 31". The CONNECT problem provides beginning cash, Inventory and accounts payable balance as of March 31. To complete the balance sheet, we will have to calculate a few balances. a) Look at the Schedule of Expected Cash Collections that you completed on CONNECT. (CONNECT results) Remember the accounts receivable represents the sales that have already been made but payment is expected in the future. What would the accounts receivable balance be as of March 31? b) Complete the asset side of the balance sheet including total assets. c) Include the total asset amount in the total liability & SH Equity" box. Include the accounts payable amount from CONNECT and calculate the amount of retained earnings such that the balance sheet will balance. Garden Sales, Inc Balance Sheet March 31 Accounts Payable 100,000 Cash Accounts Receivable Inventory Total current assets Plant Assets, net Total Assets Common Stock Retained Earnings 350,000 Total SH Equity 623,600 Total liabilities & SH Equity The company's president is concerned about its ability to borrow money on its line of credit. The bank has indicated they will reduce the total loan balance limit to $100,000. Because of this, the president mored collection efforts and reduced inventory levels will impact the cash budget. 90% on credit. However, credit sales