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I need answer in excel with all formula wriiten besides on it please Computer the cash budget for April, May and June based on the

image text in transcribedI need answer in excel with all formula wriiten besides on it please

Computer the cash budget for April, May and June based on the following information: Sales are as follows: Collections are made as follows: 30% In month of sale 50% One month after sale 20% Two months after sale Purchases ( 60% of sales)are made two months in advance of sales, and paid for one month later. Rent is $7,500/ month, Other expenses are $10,000 per month. Sales tax ( 5% of sales) is paid one month after month of sale. A quarterly tax payment of $25,000 is due in June. The company is required to keep $10,000 in its checking account for its line, which charges 1% per month interest on any outstanding balance. The company has $15,000 in its account on March 31st. Computer the cash budget for April, May and June based on the following information: Sales are as follows: Collections are made as follows: 30% In month of sale 50% One month after sale 20% Two months after sale Purchases ( 60% of sales)are made two months in advance of sales, and paid for one month later. Rent is $7,500/ month, Other expenses are $10,000 per month. Sales tax ( 5% of sales) is paid one month after month of sale. A quarterly tax payment of $25,000 is due in June. The company is required to keep $10,000 in its checking account for its line, which charges 1% per month interest on any outstanding balance. The company has $15,000 in its account on March 31st

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