I need help filling this out please and thank you

Sutton Manufacturing is preparing its master budget tor the first quarter ot the upcoming year, The following data pertain to Sutton (Click the icon to view the data.) (Click the icon to view additional data.) Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. an acturing's operations: Cash sales Sutton Manufacturing Cash Collection Budget January February $ 15,480 $ 17,280 March 17,100 69, 120 86,220 Quarter 49,860 193,440 s 243,300 More info 62,400 Credits sales 61,920 $ 77,880" s 79,200 Total cash collections a. Actual sales in December were $78,000, Selling price per unit is projected to remain stable at S9 per unit throughout the budget period. Sales for the first 5 months of the upcoming year are budgeted to be as follows: Requirement 2. Prepare a production budget (Hint: IJnit sales = Sales in dollars / Selling price per unit.) Sutton Manufacturing Production Budget Requirements January February January February , March April. May 77 ,400 86,400 85,500 82,800 72,000 Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce 8,600 11920 10,520 (1,720) 8,800 9,600 1 ,900 11 ,500 (1,920) 9,580 March 9,500 1 ,840 11 ,340 (1,900) 9,440 Quarter 27 1 ,840 29,540 (1,720)" 27,820" Requirement 3. Prepare a direct materials budget (Round your answers to the nearest whole dollar.) 2. 4. 6. 7. 8. 9. 10. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Prepare a production budget, (Hint: Unit sales = Sales in dollars Selling price per unit,) Prepare a direct materials budget, Prepare a cash payments budget for the direct material purchases from Requirement 3. Prepare a cash payments budget for conversion costs, Prepare a cash payments budget for operating expenses Prepare a combined cash budget, Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be SO.90 per unit for the year), Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit x Number of units sold,) Prepare a partial budgeted balance sheet for March 31. Include Loans Payable and Income Tax Payable, Sutton Manufacturing Direct Materials Budget January February March Quarter Units to be produced x kg of DM needed per unit Quantity (kg) needed for production Plus: Desired ending inventory of DM Total quantity (kg) needed Less: Beginning inventory of DM Quantity (kg) to purchase x Cost per kg Total cost of DM purchases Print Done b. Sales are 20% cash and 80% credit. All credit sales are collected in the month following the sale. Sutton Manufacturing has a policy that states that each month's ending inventory of finished goods should be of the c. following month's sales (in units), d. Of each month's direct material purchases, 15% are paid for in the month of purchase, while the remainder is paid for in the month following purchase, Two kilograms of direct material is needed per unit at Sl ,50/kg. Ending inventory of direct materials should be of next month's production needs, e. Monthly manufacturing conversion costs are $5,500 for factory rent. S2,800 for other fixed manufacturing expenses, and Sl. 10 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred, Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Sutton Manufacturing will purchase equipment for $5,400 (cash), while Februarys cash expenditure will be $12,800 and March's cash expenditure will be $15,600. g. Operating expenses are budgeted to be Sl .25 per unit sold plus fixed operating expenses of Sl ,600 per month, A1 operating expenses are paid in the month in which they are incurred, h. Depreciation on the building and equipment for the general and administrative offices is budgeted to be S4,500 for the entire quarter, which includes depreciation on new acquisitions. Sutton Manufacturing has a policy that the ending cash balance in each month must be at least $5,000, It has a line of credit with a local bank. The company can borrow in increments of Sl ,000 at the beginning of each month, up to a total outstanding loan balance of $125,000. The interest rate on these loans is 1% per month simple interest (not compounded), Sutton Manufacturing pays down on the line of credit balance if it has excess funds at the end of the quarter. The company also pays the accumulated interest at the end of the quarter on the funds borrowed during the quarter, The company's income tax rate is projected to be 30% of operating income less interest expense. The company pays Sl cash at the end of February in estimated taxes. print Done