It is one problem, I just cant figure out the last three requirements ( 8,9, and 10)

Requirement 8

Requirement 9

Requirement 10

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets 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 50,000 434, 240 84,210 368,000 936,450 602,000 (151,000) 451,000 $ 1,387,450 196,610 12,000 208,610 505,000 713,610 336,000 337,840 673,840 $ 1,387,450 To prepare a master budget for April, May, and June of 2019, management gathers the following information. a. Sales for March total 23,000 units. Forecasted sales in units are as follows: April, 23,000; May, 15,300; June, 20,400; and July, 23,000. Sales of 241,000 units are forecasted for the entire year. The product's selling price is $23.60 per unit and its total product cost is $20.00 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 4,210 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,100 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials. c. Company policy calls for a given month's ending finished goods Inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 18,400 units, which complies with the policy. d. Each finished unit requires 0.50 hours of direct labor at a rate of $15 per hour. e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $2.80 per direct labor hour Depreciation of $21,520 per month is treated as fixed factory overhead. f. Sales representatives' commissions are 10% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,100. g. Monthly general and administrative expenses include $13,000 administrative salaries and 0.5% monthly interest on the long-term note payable. h. The company expects 20% of sales to be for cash and the remaining 80% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale). 1. All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases are fully paid in the next month. J. The minimum ending cash balance for all months is $41,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% 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. k. Dividends of $11,000 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 tax will be assessed at 40% in the quarter and paid in the third calendar quarter. m. Equipment purchases of $131,000 are budgeted for the last day of June. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Calculation of Cash receipts from customers: Total budgeted sales $ April 542.800 108.580 434.240 May 361,080 72.216 288,884 June 481.440 96.288 385.152 Cash sales Sales on credit 20% 80% $ $ s Current month's cash sales Collections of receivables Total cash receipts Total cash receipts from customers April $ 108,560 S 434.240 $ 542,800 $ May 72.216 434.240 506,456 June 9 6.288 288.864 385.152 $ ZIGBY MANUFACTURING Cash Budget April, May, and June 2019 April $ 50,000 542.800 592.800 May 161.289 06.456 667,745 June 248.430 385.152 833.582 5 Beginning cash balance Cash receipts from customers Total cash available Cash payments for: Raw materials Direct labor Sales salaries General & administrative salaries Dividends Purchases of equipment Variable overhead 196,810 128,300 57.380 15.525 X 84.200 145.350 39.208 % 15.525 X 96.900 X 168.600 51.244 % 15,525 % 0 131.000 31.472 0 0 23.578 1,100 0 27.132 L 312,515 345.450 494.741 235,861 Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance 419,391 173.409 (12,000) 101.409 $ $ 345.450 S 235.861 Loan balance April May June Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2019 Operating expenses Total operating expenses 0 $ 0 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted balance sheet. (Round your final answers to the nearest whole dollar) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2019 Assets Total current assets Equipment, net Total assets Liabilities and Equity Liabilities Total current liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Equity