need answer as soon as possible

been assemblea to assist in. prepanng a casn buaget for the quarter a. Budgeted monthly income statements for April to July are as follows: "Includes \$12.000 in depreclation each month. b. Sales are 20% for cash and 80% on account. c. Sales on account are collected over a three-month period in the following ratio, 10\% collected in the month of sale. 709 collected in the first month following the month of sale, and the remairing 20% collected in the second month following the month of sale February's sales totalled $250,000, and March's sales totalled $330,000 d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% are paid in the following month. Accounts payable at March 31 for inventory purchases duning March total $111,600. e. At the end of each month. Inventory must be on hand equal to 20% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $78,000 f. Dividends of $46.500 will be declared and paid in April 9 . Equipment costing $17,300 will be purchased for cash in May month. The merchandise inventory at March 31 is $78,000 1. Dividends of $46,500 will be declared and paid in Aptil. 9. Equipment costing $17,300 will be purchased for cash in May. h. The cash balance at March 31 is $50,600; the company must maintain a cash balance of at least $38,000 at all times 1. The company can borrow from its bank, as needed, to bolster the cash account. Borrowings and repayments must be in mutiples af Was borrowed, All borrowings take place at the begind is calculated on the amount of repayment for the duration of the time money annual interest rate is 12.8 Compute interest on whole months (112.2. and all repayments are made at the end of a month. The Required: 1. Prepare a schedule of expected cash collections from sales for each of the months April, May, and June, and for the quarter in total 2. Prepare the following for merchandise inventory: a. An inventory purchases budget for each of the months April, May, and June. - A cahediule of expected cash disbursements for inventory for each of the months April, May, and June, and for the quarter in total. 3. Prepare a cash budget for the third quarter, by month as well as in totai for the quarter. Show borrowings from the company's bank and repayments to the bank, as needed, to maintain the minimum cash balance. (Roundup "Borrowing" ond "Repoyments" onswers to the nearest whole dollar amount. Any "Repayments" and "Interest" should be indicated by a minus sign.)