Mo Company manufactures beach umbrellas. The company is preparing detaled budgets for the third quarter and has assembled the following information to assist in the budget preporation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): The seding price of the beach umbrellas is $15 per unit b. All sales are on account, Based on past experience, sales are colectod in the following pattern: 30s in the month of uale ist in the mosth folleving liale S1 uneollectible Sales for June totaled $375,000 c. The company maintains finished goods inventories equal to 15% of the following monsts sales. This requirement wal be met at the end of june. d. Each besct umbrella requires 4 feet of Gilden, a matertal that is sometimes hard to acquire. Theretore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inveritory of Gliden on hand at the beginning and end of the quarter will be: Jube 20 Beptenties 10 7 fest e. Gliden costs 5060 per foot, One haif of a morith's purchases of Gilden is paid for in the month of porchase, the remainder is paid for in the following month, The accounts poyable on Jaly 1 for purchases of Gidien during June will be 4.39390 e. Giden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $39,390. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter, 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for raw material (Giden) purchases, by month and in total, for the third quarter