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May you please try to answer all of the wrong answers (in red). Any help would be appreciated. Thank You! Problem 7-08A Your answer is

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May you please try to answer all of the wrong answers (in red). Any help would be appreciated. Thank You!

Problem 7-08A Your answer is partially correct. Try again. Pronghorn Corp prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. Sales Purchases Salaries Administrative expenses Selling expenses January $360,300 121,200 84,500 70,000 79,900 February $400,300 131,200 81,700 73,400 87,900 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,200 of depreciation per month. Other data. 1. Collections from customers: January $332,300; February $378,800. 2. Payments for purchases: January $106,200; February $145,000. 3. Other receipts: January: collection of December 31, 2021, notes receivable $17,100; February: proceeds from sale of securities $6,500. 4. Other disbursements: February $12,800 cash dividend. The company's cash balance on January 1, 2022, is expected to be $48,300. The company wants to maintain a minimum cash balance of $55,280. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.) PRONGHORN CORP Cash Budget For the Two Months Ending February 28, 2022 January February Beginning cash balance 48300 55280 Beginning cash balance Tadd cash receipts Collections from customers 332300 378800 Sale of securities 6500 Notes receivable 17100 Total receipts 349400 385300 TTotal available cash | 397700 440580 Less Cash disbursements Salaries 84500 81700 Selling expenses 79900 87900 Administrative expenses 68800 72200 106200 145000 | Dividends 12800 Total disbursements 339400 399600 Excess (deficiency) of available cash over disbursements 58300 Financing Add T Borrowings Less IT Repayments Inici Ending cash balance

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