just solve the missing answers please which are the rest of question 2 and question 3 and 4 only the rest is correct and thank you

Given Data Case 08-29: 1 CRAVAT SALES COMPANY S Minimum ending cash balance 6 Selling price $ 10,000 Recent and forecast sales (in units): 8 20,000 24,000 28,000 35,000 45,000 60,000 40,000 36,000 32,000 9 January (actual) 10 February (actual) 11 March (actual) 12 April 13 May 14 June 15 July 16 August 17 September 18 19 Desired ending inventories (percentage 20 of next month's sales) 21 Cost of earrings 90% 23 Purchases paid as follows: 24 In month of purchase 25 In following month 26 27 Collection on sales: 28 Sales collected current month 29 Sales collected following month 30 Sales collected 2nd month following 5096 50% 25% 50% 25% 2 Variable monthly expenses: 33 Sales commissions (per tie) $ 1.00 35 Fixed monthly expenses 36 Wages and salaries 37 Utilities 38 Insurance $ 22,000 $ 14,000 $ 1,200 S 1,500 3,000 39 Depreciation 40 Miscellaneous 41 42 43 Land purchased in May $ 25,000 S 12,000 Dividends declared each quarter Balance sheet at March 31: Cash 45 Assets 47 $14,000 P08-24 Given P08-24 C08-29 Given CO Ready $ 1,500 $ 3,000 8 Insurance 9 Depreciation 40 Miscellaneous 41 42 Land purchased in May 43 Dividends declared each quarter $25,000 $ 12,000 45 Balance sheet at March 31: 46 47 Cash 48 Accounts receivable 49 February sales 50 March sales 51 Inventory (31,500 units) 52 Prepaid insurance 53 Fixed assets, net of depreciation 54 Total assets Assets $ 14,000 $ 48,000 168,000 216,000 157,500 14,400 172.700 S 574,600 56 57 Accounts payable 58 Dividends payable 59 Capital stock 60 Retained earnings 61 Total liabilities and stockholders' equity Liabilities and Stockholders' Equity $ 85,750 12,000 300,000 176,850 S 574,600 63 Agreement with Bank: 64 Borrowing increments 65 Maximum borrowing amount 66 Interest rate per month 67 Repayment increments 68 Total of interest paid each quarter 69 Required minimum cash balance 70 71 72 73 74 75 76 $ 1,000 $ 40,000 1% $ 1,000 100% $ 10,000 78 79 80 Paste Student Name: Class: Case 08-29 CRAVAT SALES COMPANY June Apri 9 1a. Sales budget 35,000 45,000 60,000 140,000 10 Budgeted sales in units Selling price per unit 12 Total sales 480,000 $ 1,120,000 280,000 S 360,000 Correc 14 1b. Schedule of expected cash collections 15 February sales 16 March sales 17 April sales 18 May sales 19 June sales $ 48,000 168,000 $48,000 112,000 56,000 180,000 20,000 270,000 120,000 90,000 Total cash collections Correct 221c. Merchandise purchases budget: sales in units 35,000 40,500 75,500 (31,500) 45,000 54,000 99,000 (40,500) 4,500 60,000 36,000 96,000 (54,000) 42.000144,500 140,000 36,000 76,000 (31,500) budgeted ending inventory 25 Total needts 26 Less beginning inventory 2 Required unit purchases 44,000 8Unit cost 2Required dollar purchases 220,000 S 292,500 $ 210.000 $ 722.500 Correct 1d. Budgeted cash disbursements for merchandise p $ 85,750 $85,750 220,000 146.250 S 146,250292,500 105,000 $ 195,750 $ 256,250 $ 251.250 S 703 250 110,000 110,000 105,000 36 Total cash payments CRAVAT SALES COMPANY Cash Budget For the Three Months Ending June 30 balance, beginning receipts from customers 14,000$ 10,250$ 10,000$ 14,000 886,000 non non 370,000 P08-24 Given P08-24 c08-29 Given Co8-29 + Ready 296250 xfx $ 85,750 220,000 146.250 S 146,250 292,500 105,000 S 195,750 $ 256.250 251,250 703,250 s 85,750 March purchases April purchases May purchases June purchases Total cash payments 110,000 $ 110,000 105,000 CRAVAT SALES COMPANY Cash Budget For the Three Months Ending June 30 May April Quarter 14,000 S 10,250 10,000 $ 14,000 000 886,000 900,000 balance, beginning Add receipts from customers Total cash available 230,000 244,000 Less disbursements Purchase of inventory 195,750 256,250 251,250 703,250 140,000 66,000 42,000 9,000 25,000 Sales commissions 45,000 22,000 14,000 3,000 25,000 60,000 22,000 14,000 3,000 35,000 22,000 14,000 3,000 Salaries and wages 4Dividends paid 5 Land purchases 12,000 6 Total disbursements 281.750 365 350.250 997,250 7Excess (deficiency) of receipts 8over disbursements 9,000 48,000 79,000 62 Interest 63 Total financing 48,000 S 10,250 10,000 9,000 balance, ending 65 CRAVAT SALES COMPANY Budgeted Income Statement For the Three Months Ended June 30 70 2Sales in units 73 5 Cost of goods sold PO8-24 Given PO8-24 Co8-29 Given CO8-29+ Ready 79,000 48,000 Borrowings Interest Total financing Cash balance, ending 48,00079,000 S 10,250 $ 10,000 Correct Correct CRAVAT SALES COMPANY Budgeted Income Statement For the Three Months Ended June 30 Sales in units Sales Variable expenses: Cost of goods sold 6 Commissions 7Contribution margin 8 Fixed expenses: 9 Salaries and wages 0 Utilities 81 Insurance expired 84 Net operating income 85 Less interest expense 86 Net income 90 91 CRAVAT SALES COMPANY Budgeted Balance Sheet June 30 Assets Enter the app 6 Accounts receivable 7Inventory 8 Unexpired insurance 99 Fixed assets, net of depreciation 00 Total assets 101 102 HINT: Use calculation an Liabilities and Stockholders Equity 82 Depreciation 83 Miscellaneous 84 Net operating income 85 Less interest expense 86 Net income 89 CRAVAT SALES COMPANY 90 91 92 93 94 95 Cash 96 Accounts receivable Budgeted Balance Sheet June 30 Enter the a Assets HINT: Use calculation 97 Inventory 98 99 Fixed assets, net of depreciation 100 Total assets 101 Liabilities and Stockholders' Equity 102 103 Accounts payable, purchases 104 Dividends payable 105 Loans payable, bank 06 Capital stock, no par 07 Retained earnings 108 Total liabilities and equity 109 110 Accounts receivable at June 30: 111 May sales HINT: Use caleulation below 112 June sales 13 Total 114 115 Retained earmings at June 30: 116 Balance, March 31 117 Add net income 118 Total 119 Less dividends declared 20 Balance, June 30 121 122 123 124 125 126 POB-24 Given PO8-24 co8-29 Given CO8-29 Ready