I need help to work on requirements 7 through 12

The answers of requirements 1-6 are in this link

https://www.chegg.com/homework-help/questions-and-answers/management-zigby-manufacturing-prepared-following-balance-sheet-march-31-assets-cash-accou-q84636306

The management of Zigby Manufacturing prepared the following balance sheet for March 31. Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Equipment Less: Accumulated depreciation ZIGBY MANUFACTURING Balance Sheet March 31 Liabilities and Equity $ 58,000 Liabilities 440, 370 Accounts payable 91,300 Loan payable 393, 304 Long-term note payable Equity 468,000 Common stock Retained earnings $ 1,450,974 Total liabilities and equity $ 206,400 30,000 500,000 $ 736,400 $ 636,000 168,000 353,000 361,574 714,574 $ 1,450,974 Total assets 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. f. 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. 1. 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. Required: Prepare the following budgets for the months of April, May, and June: 1. Sales budget 2. Production budget. 3. Direct materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. 11. Budgeted income statement for entire second quarter (not monthly). 12. Budgeted balance sheet at June 30. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Reg 4 Reg 5 Req 6 Req 7 Req 8 to 10 Reg 11 Req 12 General and administrative expense budget. June Total ZIGBY MANUFACTURING General and Administrative Expense Budget April May Administrative salaries $ 30,000 $ 30,000 Interest on long-term note 4,000 4,000 Total general and administrative expenses $ 34,000 $ 34,000 $ 30,000 $ 90,000 4,000 34,000 12,000 102,000 $ $ Reg 1 Reg 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Reg 8 to 10 Reg 11 Reg 12 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Show less ZIBGY MANUFACTURING Schedule of Cash Receipts April $ 629.100 May 450.000 June 591,300 $ $ Sales Cash receipts from Cash sales Collections of prior period sales Total cash receipts 177,390 188.730 440.370 629,100 137.700 321.300 450,000 413.910 591,300 $ $ $ June 231,100 Schedule of Cash Payments for Direct Materials April May Materials purchases 195.900 $ 219.700 $ Cash payments for Current period purchases s or $ os Prior period purchases 208,400 195.900 Total cash payments s 208.400 $ 195.900 $ 0 219.700 219.700 June Beginning cash balance Cash Budget April $ 58.000 $ 629.100 687.100 $ May 141,428 450.000 600.428 Add: Cash receipts from sales Total cash available 59.961 591,300 651.281 Less: Cash payments for. Direct material Direct labor Variable overhead General and administrative salaries 219.700 161.140 208,400 127.820 79.442 30.000 62.910 4.800 300 195.900 146,440 85.427 30.000 45.900 4.800 90.152 30.000 59.130 4.800 Sales commissions Sales salaries Loan interest Dividends 28.000 100.000 4,000 4,000 4,000 0 0 0 Purchases of equipment Long-term note interest Taxes paid Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance 515.672 171.428 540.487 59.981 0 668.922 (17,661) 0 (30,000) 141.428 s $ 59.961 Loan balance May June April 30.000 s $ 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month (30,000) 0 s 0 $ 0 $ 0 Reg 1 Reg 2 Reg 3 Reg 4 Req 5 Reg 6 Req 7 Reg 8 to 10 Reg 11 Req 12 Budgeted income statement for entire second quarter (not monthly). (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30 Sales $ 1,679,400 1,312,421 366,979 Cost of goods sold Gross profit Selling, general and administrative expenses Sales commissions expense $ 167,940 14,400 Sales salaries expense General administrative salaries expense 90,000 300 Loan interest expense Long-term note interest expense 12,000 Total operating expenses 284,640 Income before taxes 82,339 Income taxes payable 28,819 Net income $ 53,520 Req 1 Reg 2 Reg 3 Reg 4 Req 5 Reg 6 Reg 7 Req 8 to 10 Reg 11 Reg 12 Budgeted balance sheet at June 30. (Round your final answers to the nearest whole dollar.) $ 0 ZIGBY MANUFACTURING Budgeted Balance Sheet June 30 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Liabilities Accounts payable Bank loan payable Income taxes payable Total current liabilities Long-term note payable Equity Common stock Retained earnings 0 Total Equity Total Liabilities and Equity