I would like help with questions 3-5 with woking notes. Thanks!

Problem 8-27 Completing a Master Budget L08-2, LO8-4, LO8-7, LO LO8-9, LO8-10] The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 3 8,400 Cash Accounts receivable 23,600 Inventory 45,000 123,600 Building and equipment, net 26,925 Accounts payable 150,000 Capital stock Retained earnings 23,675 a. The gross margin is 25% of sales. b. Actual and budgeted sales data: $59,000 March (actual) $75,000 April $80,000 May $105,000 June July $56,000 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. f. Monthly expenses are as follows: commissions, 12% of sales, rent, $3,200 per month; other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $927 per month (includes depreciation on new assets) g. Equipment costing $2,400 will be purchased for cash in April h. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter