I need help please

Dalton Company has budget sales revenues as follows: JUNE Credit Sales: $135,000 Cash Sales: $90,000 JULY Credit Sales: $145,000 Cash Sales: $255,000 AUGUST Credit Sales: $90,000 Cash Sales: $195.000 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit and 50% is paid in the month of purchase and 50% in the month following purchase. Budgeted Inventory purchases are: June: $300.000 July: $250.000 August: $105,000 Other budgeted expenses are: 1. Monthly Selling and Administrative Expenses - $50,000 (including $2.000 of depreciation expense) 2. Dividends of $103,000 will be paid in July 3. purchase of equipment in August for $30.000 cash The company wishes to maintain a minimum cash balance of $50.000 at the end of each month. The company borrows money from the bank at 8% interest if necessary to maintain the minimum cash balance. Borrowed money is repaid in months when there is an excess cash balance. The beginning cash balance on July 1 was $50,000. Assume that borrowed money in this case is for one month, 1. How much are the TOTAL cash collections for the month of July $100.000) How much are the TOTAL cash collections for the month of August? (e.g. $100,000) Question 13 How much are the total cash payments for purchases for he month of July? (e.g. $100,000) Question 14 How much are the total cash payments for purchases for the month of August?le.g. $100,000 Question 15 0 How much are the total cash disbursements for the month of July (eg $100,000) Question 16 0. How much are the total cash disbursements for the month of August?le.g. $100,000) Question 17 0.5 How much money must be borrowed for the month of July to maintain the desired $50,000 endio cash balance? (e.g. $100,000) Question 18 0.5 Assuming the loan taken out in July was paid back in August, what is the ending cash balance for August?leg $100,000). Hint: Don't forget the interest on the loan