I need assistance with sections G-J

Camden Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, Year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks. Required Round all computations to the nearest whole dollar. a. October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales increase at the rate of 8 percent per month. Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepa a schedule of cash receipts. c. The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $6,000. Assume that all purchases are mad on account. Prepare an inventory purchases budget. d. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Page Prepare a cash payments budget for inventory purchases. e. Budgeted selling and administrative expenses per month follow. $9.000 Salary expense (fixed) 5% of Sales Sales commissions 2% of Sales Supplies expense Utilities (fixed) $ 700 Depreciation on store fixtures (fixed) $2,000 Rent (fixed) $2,400 Miscellaneous (fixed) $ 600 *The capital expenditures budget indicates that Camden will spend $82,000 on October 1 for store fixtures, which are expected to have a $10,000 salvage value and a three year (36-month) useful life. Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. g. Camden borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. Prepare a cash budget. h. Prepare a pro forma income statement for the quarter. i. Prepare a pro forma balance sheet at the end of the quarter. j. Prepare a pro forma statement of cash flows for the quarter. es la Bel 5 Pre Forma Or 50 DOO 175.000 1250 Nowbar 54,000 $1,000 58 320 8740 54957 of Cash Reco Portrom AR Dente Maybe 05 IS000 5000 12000 December SR 120 $1.000 VO Inry Purchases Borge Profon Date 5000 6.100 November 81000 874 1974 100 11,618 December AYAH 500 24 6.740 HAMAR Lewegewer Data Par to per most patie 56 56.10 November December 57,645 5032 240 24404 20 BOT Proforma Data October November December 5 US 0000 3.000 2.500 6.750 7200 70 2.700 2016 200 Deprecen en rettes TOO 700 Rent 2.400 2,000 2.000 200 Mecanos 2.400 2400 TSA genees 000 000 600 22501 TE CACHE L Schedule of Cash Payments for SA Expenses October November December Pror months.com 9,000 S 9,000 $ 0.000 Suppliesen 6.750 2,500 2.700 2,910 Pror more 700 Depreciation on store fors 700 Hent 2.400 2,400 2430 800 600 600 Total payment for SA espenses LOS 22. W CA Cash Budget Beging cash balance October November December Add cash receipts Pre Forma Date Pro Forma Data Loss payment For weary purchase For Here expense Total bed payments Payment Surpasstertega) Financing active Borowing repayment) Endng cash balance CAMDEN COMPANY Pro Forma income Statement For the Quarter Ended December 31, Year 1 Cast of good old S&A expenses Operating income est expense Neeme CAMDEN COMPANY Pro For Blace Bleu December 31, Yeart C Bloro fer Acounted depreco Book of Acope Upay Babes como payat Law of LY Tallibees and CAMDEN COMPANY Pre Fernando Cash Flow For the Quarter Ended December 31, Year! Chi l PT4P 94 . Cash recept from somers Dah perorts for hory Cash papan & Apa Deshments for rent expert Nel cash flow from open Cast wing activ Nelow tromne free Nel nom cash