I need the answers for budgeted cash collection & budgeted cash payment (last picture) thank you!!!

merchandising company. prepared the Near the end of 2015, the 31, 2015 estimated balance sheet for December Problem 22-8B Merchandising Preparation of a complete master budget SLE Sheet Estimated Balance P4 December 31, 2015 Liabilities and Equity Accounts payable $360.000 Assets 36,000 Bank loan payable 525,000 Taxes payable (due 3/15/2016) Accounts receivable 90,000 50,000 7II,000 Total liabilities Total current assets Common stock 472,500 540,000 Equipment Retained earnings 246.000 Less: Accumulated depreciation 67,500 472,500 Total stockholders' equity Equipment, net. $u.183,500 Total liabilities and equity Total assets To prepare a master budget for January, February. and March of 2016. management gathers the fol ing information a. Isle Corp.'s single product is purchased for $30 per unit and resold for $45 per unit The ex ventory level of 5,000 units on December 31, 2015. is more than management's desired lev which is 25% of the next month's expected sales (in units). Expected sales are: January 6 (00 February, 8,000 March. 10,000 units; and April, 9,000 units. b. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. of the credit second month after month of sale. For the S525.000 accounts receivable balance at December 31. 2015. is col. in January 2014 and the remaining is collected in February 2016 month after the month of purchase C. are as first and 80% in the second month after the month of purchase. For the $360,000 accounts payable balance at December 31, 2015, $72,000 is paid in January 2016 and the remaining S288.000 is paid in February 2016 d. Sales commissions equal to 20% of sales are paid each month Sales salaries (excluding commissions) are $90,000 per year