I need help with parts 8, 9, and 10 only.

8. Cash budget.

9. Budgeted income statement for the entire second quarter.

10. Budgeted balance sheet

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets $ 99,000 500,250 101,000 402,500 1,102,750 618,000 (159, 000) 459,000 $1,561,750 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 209,700 21,000 230,700 505,000 735,700 344,000 482,050 826,050 $1,561,750 To prepare a master budget for April, May, and June of 2017, management gathers the following information a. Sales for March total 23,000 units. Forecasted sales in units are as follows: April, 23,000; May, 19,000; June, 18,800; and July, 23,000. Sales of 249,000 units are forecasted for the entire year. The product's selling price is $29.00 per unit and its total product cost is $25.00 per unit. b, Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements The March 31 raw materials inventory is 5,050 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,500 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw material:s The March 31 finished goods inventory is 16,100 units, which complies with the policy. Depreciation of $24,320 per month is treated as fixed factory overhead $3,900 note payable. following the sale (none are collected in the month of the sale) are fully paid in the next month note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the c. Company policy calls for a given month's ending finished goods inventory to equal 70% of the next month's expected unit sales d. Each finished unit requires 0.50 hours of direct labor at a rate of $24 per hour. e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.60 per direct labor hour f. Sales representatives' commissions are 10% of sales and are paid in the month of the sales. The sales manager's monthly salary is g. Monthly general and administrative expenses include $10,000 administrative salaries and 0.8% monthly interest on the long-term h. The company expects 25% of sales to be for cash and the remaining 75% on credit. Receivables are collected in full in the month i. All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases j. The minimum ending cash balance for all months is $110,000. If necessary, the company borrows enough cash using a short-term ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance k. Dividends of $19,000 are to be declared and paid in May No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter. m. Equipment purchases of $139,000 are budgeted for the last day of June Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget. 2. Production budget. 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget. 9. Budgeted income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Calculation of Cash receipts from customers: April May June Total budgeted sales Cash sales Sales on credit 25% 75% Total cash receipts from customers April May June Current month's cash sales Collections of receivables ZIGBY MANUFACTURING Cash Budget April, May, and June 2017 April May June Beginning cash balance Total cash available Cash payments for: Total cash payments Preliminary cash balance 0 Ending cash balance Loan balance April May June Loan balance - Beginning of month Additional loan (loan repayment) Loan balance End of month ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2017 Operating expenses Total operating expenses 0 Budgeted Balance Sheet June 30, 2017 Assets Total current assets 0 Equipment, net Total assets Liabilities and Equity Liabilities Total current liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Equity