need help ASAP

Dimsdale Sports, a merchandising company, reports the following balance sheet at December 31. DIMSDALE SPORTS COMPANY Assets Liabilities Cash Accounts receivable Inventory Equipment. Less: Accumulated depreciation Total assets Balance Sheet December 31 Liabilities and Equity Accounts payable Loan payable Taxes payable (due March 15) Equity $636,000 79,500 $375,000 12,000 90,000 $ 471,000 249,000 $ 20,500 520,000 100,000 556,500 $ 1,197,000 477,000 Common stock Retained earnings Total liabilities and equity To prepare a master budget for January, February, and March, use the following information. 720,000 $ 1,197,000 a. The company's single product is purchased for $20 per unit and resold for $60 per unit. The inventory level of 5,000 units on December 31 is more than management's desired level, which is 20% of the next month's budgeted sales units. Budgeted sales are January, 7,000 units; February, 8,750 units; March, 11,000 units; and April, 9,500 units. All sales are on credit. b. Cash receipts from sales are budgeted as follows: January, $246,000; February, $748,600; March, $539,775. c. Cash payments for merchandise purchases are budgeted as follows: January, $65,000; February, $325,000; March, $96,800. d. Sales commissions equal to 20% of sales dollars are paid each month. Sales salaries (excluding commissions) are $7,500 per month. e. General and administrative salaries are $12,000 per month. Maintenance expense equals $2,000 per month and is paid in cash. f. New equipment purchases are budgeted as follows: January, $40,800; February, $93,600; and March, $24,000. Budgeted depreciation expense is January, $ 7,050; February, $8,025; and March, $8,275