I just need help with the questions that have a red X. I need the correct answers for the questions with red X. The ones with the red numbers are correct.

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 b. Sales are 20% for cash and 80% on account. C. Sales on account are collected over a three-month period with 10% collected in the month of sale; 80% collected in the first month following the month of sale; and the remaining 10% collected in the second month following the month of sale. February's sales totaled $145,000, and March's sales totaled $205,000. d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $93,100. e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $71,400. f. Dividends of $21,000 will be declared and paid in April. g. Land costing $29,000 will be purchased for cash in May. h. The cash balance at March 31 is $43,000; the company must maintain a cash balance of at least $40,000 at the end of each month i. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter Schedule of Expected Cash Collections April May June $ 102,000 $ 142,000 $ 82,000 Quarter $ 326,000 Cash sales Sales on account: February March 11,600 131,200 51,000 X April 16,400 408,000 X 71,000 X 11,600 147,600 510,000 639,000 41,000 51,000 X 568,000 X 41,000 $ 742,000 May June Total cash collections $ 295,800 $ 637,400 $ 1,675,200 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted