I need help finishing the Cash Budget. Thank you!

The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY MANUFACTURING Balance Sheet March 31 Assets Cash $ 58,000 Liabilities Accounts receivable Accounts payable $ 206,400 440,370 91,300 Raw materials inventory Loan payable 30,000 500,000 Finished goods inventory 393, 304 Long-term note payable $ 736,400 Equipment $636,000 Equity Less: Accumulated depreciation 168,000 468,000 Common stock 353,000 Retained earnings 361,574 714,574 Total assets $ 1,450,974 Total liabilities and equity $ 1,450,974 To prepare a master budget for April, May, and June, management gathers the following Information. a. Sales for March total 23,300 units. Budgeted sales in units follow: April, 23,300; May, 17,000; June, 21,900; and July, 23,300. The product's selling price is $27.00 per unit and its total product cost is $21.10 per unit. b. Raw materials Inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials Inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials Inventory is 4,565 pounds. The budgeted June 30 ending raw materials Inventory is 5,800 pounds. Each finished unit requires 0.50 pound of direct materials. c. Company policy calls for a given month's ending finished goods Inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods Inventory is 18,640 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $14 per hour. e. The predetermined variable overhead rate is $4.50 per direct labor hour. Depreciation of $38,357 per month is the only fixed factory overhead Item. 1. Sales commissions of 10% of sales are paid in the month of the sales. The sales manager's monthly salary is $4,800. g. Monthly general and administrative expenses include $30,000 for administrative salaries and 0.8% monthly interest on the long- term note payable. h. The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale). I. All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase). J. The minimum ending cash balance for all months is $58,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans. k. Dividends of $28,000 are budgeted to be declared and paid in May. I. No cash payments for Income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June. Liabilities and Equity June April 195.900 May 219,700 $ s $ 231,100 Materials purchases Cash payments for Current period purchases Prior period purchases Total cash payments $ 0 s 0 s 0 208,400 195.900 195.900 219.700 219.700 S 208,400 $ $ Cash Budget April June May 179,785 Beginning cash balance s 58.000 s s 255.7451 Add: Cash receipts from sales 629.100 498,6901 578,070 757,855 Total cash available 687.100 754,435 Less: Cash payments for: Direct labor 127.820 140.440 161,140 206,400 Direct material Dividends General and administrative salaries 195.900 28.000 219.700 0 0 300 0 0 Loan interest Long-term note interest Purchases of equipment Sales commissions 0 0 100.000 Sales salaries 41,085 47,070 51,795 532,635 375,605 417.410 Variable overhead Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance 209.785 255.745 (30,000) 0 0 255,745 s 179.785 s