Jim Daniels Hoaith Products has eight stores. The firm wanss to expand by two more stores and needs a bank loan to do this. Mr. Howitt, the banker, wit france construction if the firm can present an acceptoble three-month financial plain for January through March. Following are actual and ferecasted sales Squres: Of the firmis sales, 30 percent are for cash and the remainang 70 percent are on credi, Of credit sales, 20 percent are paid in the month after sale and 80 percent are paid in the second month afier the sale. Materials cost 30 percent of sales and are purchased and received each manth in an amount wufficient to cover the curtent month's expected salos. Materials are paid for in the month they are recelved. Labour expense is 40 percent of sales and is paid in the montr of sales. Seting and administrative expense is 88 percent of sales and is also poid in 15 month of soles: Overhead is $30,500 in cash per month anortirabon expense is $10,500 per month. Takes of $8,500 will be paid in January and dimidends of $4,500 wil be psid in March. Cash st the beginning of January is $90.000 and the minimint desired cash balance is $85.000 a. Prepare a schedule of monthily cash receipts for January. February and March b. Prepare a schedule of monthy cash payments for January. February and March. c. Prepare a schedule of monthly cash budget with borrowings and repayments for January. February and March. (Do not leave any empty spaces; input a O wherever it is required. Negative answers and amounts to be deducted should be indicated by a minus sign.)