I need help with Problem 4. Monthly general and administrative expense budgets.

Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2017. DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets $36,000 525,000 150,000 Cash Accounts receivable Inventory Total current assets Equipment Less: accumulated depreciation $ 711,000 540,000 67,500 Equipment, net Total assets 472,500 $1,183,500 Liabilities and Equity $360,000 15,000 90,000 Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 465,000 472,500 246,000 718,500 $1,183,500 Required 6 Calc Required 6 Cash BudRequired7 Required 1 Required 2 Required 3 Required 4 Required 5 Monthly general and administrative expense budgets. February March January $ 540,000 Equipment beginning of month Equipment purchases Equipment end of month DIMSDALE SPORTS CO General and Administrative Expense Budget January, February, and March 2018 January February March