need help with last two pictures

Unless otherwise noted, assume all of the following events occurred during 2024 and that any balances iven are stated as of December 31,2024 .) Budgeted sales are 1,000 tires for the first quarter and expected to increase by 100 tires per quarter. Cash sales are expected to be 40% of total sales, with the remaining 60% of sales on account. b. Finished Goods Inventory on December 31,2024 consists of 600 tires at $32 each. c. Desired ending Finished Goods inventory is 20% of the next quarter's sales; first quarter sales for 2026 are expected be 1,400 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,200 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $9.00 per pound. f. Desired ending Raw Materials Inventory is 50% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,200 pounds; indirect materials are insignificant and not considered for budgeting purposes. 9. Each tire requires 0.80 hours of direct labor, direct labor costs average $8 per hour: h. Variable manufacturing overhead is $5 per tire. 1. Fbed manufacturing overhead includes $3,000 per quarter in depreciation and $17,330 per quarter for other costs, such as utilities, insurance, and property taxes. 1. Fixed selling and administrative expenses include $13,000 per quarter for salaries, $5,700 per quarter for rent; $600 per quarter for insurance; and $1,500 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. 1. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid in the first quarter. m. Cash receipts for sales on account are 80% in the quarter of the sale and 20% in the quarter following the sale; December 31, 2024, Accounts Receivable is received in the first quarter of 2025 ; uncollectible accounts are considered insignificant and not considered for budgeting purposes. n. Direct materiais purchases are paid 90% in the quarter purchased and 10% in the following quarter, December 31, 2024. Accounts Payable is paid in the first quarter of 2025. o. Direct labor, manufacturing overhead, and seling and administrative costs are paid in the quarter incurred. p. Income tax expense is projected at $2,000 per quarter and is paid in the quarter incurred. q. Gavin desires to maintain a minimum cash balance of $45,000 and borrows from the local bank as account. Finished Goods Inventory on December 31,2024 consists of 600 tires at $32 each. Desired ending Finished Goods Inventory is 20% of the next quarter's sales; first quarter sales for 2026 are expected be 1,400 tires. FIFO inventory costing method is used. Raw Materials Inventory on December 31,2024 , consists of 1,200 pounds of rubber compound used to manufacture the tires. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $9.00 per pound. Desired ending Raw Materials Inventory is 50% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,200 pounds; indirect materials are insignificant and not considered for budgeting purposes. g. Each tire requires 0.80 hours of direct labor, direct labor costs average $8 per hour. h. Variable manufacturing overhead is $5 per tire. i. Fixed manufacturing overhead includes $3,000 per quarter in depreciation and $17.330 per quarter for other costs, such as utilities, insurance, and property taxes. i. Fixed selling and administrative expenses include $13,000 per quarter for salaries; $5,700 per quarter for rent, $600 per quarter for insurance; and $1,500 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. 1. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid in the first quarter. m. Cash receipts for sales on account are 80% in the quarter of the sale and 20% in the quarter following the sale; December 31,2024 , Accounts Receivable is received in the first quarter of 2025. uncollectible accounts are considered insignificant and not considered for budgeting purposes. n. Direct materials purchases are paid 90% in the quarter purchased and 10% in the following quarter, December 31, 2024. Accounts Payable is paid in the first quarter of 2025. o. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred: p. Income tax expense is projected at $2,000 per quarter and is paid in the quarter incurred. q. Gavin desires to maintain a minimum cash balance of $45,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter. principal repayments are made at the beginning of the quarter when excess funds are available and in increments of $1,000; interest is 8% per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter. Reference Acoounts Pecwivale holance, December 31.2045. Unless otherwise noted, assume all of the following events occurred during 2024 and that any balances iven are stated as of December 31,2024 .) Budgeted sales are 1,000 tires for the first quarter and expected to increase by 100 tires per quarter. Cash sales are expected to be 40% of total sales, with the remaining 60% of sales on account. b. Finished Goods Inventory on December 31,2024 consists of 600 tires at $32 each. c. Desired ending Finished Goods inventory is 20% of the next quarter's sales; first quarter sales for 2026 are expected be 1,400 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,200 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $9.00 per pound. f. Desired ending Raw Materials Inventory is 50% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,200 pounds; indirect materials are insignificant and not considered for budgeting purposes. 9. Each tire requires 0.80 hours of direct labor, direct labor costs average $8 per hour: h. Variable manufacturing overhead is $5 per tire. 1. Fbed manufacturing overhead includes $3,000 per quarter in depreciation and $17,330 per quarter for other costs, such as utilities, insurance, and property taxes. 1. Fixed selling and administrative expenses include $13,000 per quarter for salaries, $5,700 per quarter for rent; $600 per quarter for insurance; and $1,500 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. 1. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid in the first quarter. m. Cash receipts for sales on account are 80% in the quarter of the sale and 20% in the quarter following the sale; December 31, 2024, Accounts Receivable is received in the first quarter of 2025 ; uncollectible accounts are considered insignificant and not considered for budgeting purposes. n. Direct materiais purchases are paid 90% in the quarter purchased and 10% in the following quarter, December 31, 2024. Accounts Payable is paid in the first quarter of 2025. o. Direct labor, manufacturing overhead, and seling and administrative costs are paid in the quarter incurred. p. Income tax expense is projected at $2,000 per quarter and is paid in the quarter incurred. q. Gavin desires to maintain a minimum cash balance of $45,000 and borrows from the local bank as account. Finished Goods Inventory on December 31,2024 consists of 600 tires at $32 each. Desired ending Finished Goods Inventory is 20% of the next quarter's sales; first quarter sales for 2026 are expected be 1,400 tires. FIFO inventory costing method is used. Raw Materials Inventory on December 31,2024 , consists of 1,200 pounds of rubber compound used to manufacture the tires. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $9.00 per pound. Desired ending Raw Materials Inventory is 50% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,200 pounds; indirect materials are insignificant and not considered for budgeting purposes. g. Each tire requires 0.80 hours of direct labor, direct labor costs average $8 per hour. h. Variable manufacturing overhead is $5 per tire. i. Fixed manufacturing overhead includes $3,000 per quarter in depreciation and $17.330 per quarter for other costs, such as utilities, insurance, and property taxes. i. Fixed selling and administrative expenses include $13,000 per quarter for salaries; $5,700 per quarter for rent, $600 per quarter for insurance; and $1,500 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. 1. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid in the first quarter. m. Cash receipts for sales on account are 80% in the quarter of the sale and 20% in the quarter following the sale; December 31,2024 , Accounts Receivable is received in the first quarter of 2025. uncollectible accounts are considered insignificant and not considered for budgeting purposes. n. Direct materials purchases are paid 90% in the quarter purchased and 10% in the following quarter, December 31, 2024. Accounts Payable is paid in the first quarter of 2025. o. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred: p. Income tax expense is projected at $2,000 per quarter and is paid in the quarter incurred. q. Gavin desires to maintain a minimum cash balance of $45,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter. principal repayments are made at the beginning of the quarter when excess funds are available and in increments of $1,000; interest is 8% per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter. Reference Acoounts Pecwivale holance, December 31.2045