I'm currently stuck on number 10, "cash budget" my teacher said we can check our work by matching 171980 to the bottom right box of the statement it means we probably did it correct. Here's what she gave us and what I have so far. any light you could shed would be great! Thanks!

d Monthly general and administrative expenses include $8,000 administrative salaries and 0.9% monthly interest on the long-term note payable e The company expects 30% ofsales to be for cash and the remaining 70% on f All direct materials purchases are on credit, and no payables arise from any g The minimum ending cash balance for all months is $50,000. If necessary, the credit. Receivables are collected in full in the month following the sale (none is collected in the month of the sale). other transactions. One month's purchases are fully paid in the next month. Materials cost $12.70 per pound company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 190 at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance h Dividends of $100,000 are to be declared and paid in May. i No cash payments for income taxes are to be made during the second calendar quarter. Income taxes will be assessed at 35% in the quarter. Equipment purchases of $55,000 are scheduled for June. Required Prepare the following budgets and other financial information as required: 1 Sales budget, including budgeted sales for July. 2 Production budget. 3 Direct materials budget. Round costs of materials purchases to the nearest dollar. S07-A 4 Direct labor budget. 5 Factory overhead budget. 6 Selling expense budget. 7 General and administrative expense budget. 8 Expected cash receipts from customers and the expected June 30 balance of accounts receivable. 15&r00 accounts payable i40 ) Budgeted income statement, budgeted statement of retained earnings, and 9 Expected cash payments for purchases and the expected June 30 balance of 10 Cash budget.Li718) 11 budgeted balance sheet. d Monthly general and administrative expenses include $8,000 administrative salaries and 0.9% monthly interest on the long-term note payable e The company expects 30% ofsales to be for cash and the remaining 70% on f All direct materials purchases are on credit, and no payables arise from any g The minimum ending cash balance for all months is $50,000. If necessary, the credit. Receivables are collected in full in the month following the sale (none is collected in the month of the sale). other transactions. One month's purchases are fully paid in the next month. Materials cost $12.70 per pound company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 190 at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance h Dividends of $100,000 are to be declared and paid in May. i No cash payments for income taxes are to be made during the second calendar quarter. Income taxes will be assessed at 35% in the quarter. Equipment purchases of $55,000 are scheduled for June. Required Prepare the following budgets and other financial information as required: 1 Sales budget, including budgeted sales for July. 2 Production budget. 3 Direct materials budget. Round costs of materials purchases to the nearest dollar. S07-A 4 Direct labor budget. 5 Factory overhead budget. 6 Selling expense budget. 7 General and administrative expense budget. 8 Expected cash receipts from customers and the expected June 30 balance of accounts receivable. 15&r00 accounts payable i40 ) Budgeted income statement, budgeted statement of retained earnings, and 9 Expected cash payments for purchases and the expected June 30 balance of 10 Cash budget.Li718) 11 budgeted balance sheet