Need the answers for each yellow highlighted cell in EXCEL FORMULA FORMAT, thank you.

Need the answers for each yellow highlighted cell in EXCEL FORMULA FORMAT, thank you.

X 5 ? X Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - Sign In FILE HOME Calibri 11 A A % Paste B IU 2 - A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font v X fac S&P Enterprises needs a cash budget for March. The following information is 1 S & P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: Cash sales Sales on account Total Sales 5 $ 1,600 $ 25,000_ 26,600 $ 3,750 $ 5,100 30,000 40,000 33,750 $ 45,100 $ 9 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% $10,500 $23,500 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: 18 Month of purchase Month following purchase 60% 40% 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 23 24 Other budestad cach dichurcaments in March ... Budget Data Schedules and Cash Budget ... + @ J - + READY Attempt(s) 100% Hint X ? X S FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - Sign In HOME Calibri 11 A A A. Alignment Number Paste B I U 22 >> Conditional Format as Cell Formatting Table Styles Styles Cells - Editing Clipboard Font A1 X fic S&P Enterprises needs a cash budget for March. The following information is 22 Budgeted selling & administrative depreciation in March $3,200 24 Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 $10,000 $11,500 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $0 $0 33 The company has a line of credit available to bolster the cash balance as needed. 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month. WN Budget Data Schedules and Cash Budget ... + @ -- + 100% READY Attempt(s) Hint X 5 X - Sign In . HOME Calibri Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW -11 A A = % H D D U , A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Font Styles * Fax Expected cash collections: Paste B I Clipboard A1 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales March sales 7 Total cash collections 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments S&P Enterprises Cash Budget For the Month of March 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses ... Budget Data Schedules and Cash Budget ... A READY 0 0 -- + 100% Hint Attempt(s) S ? X XJ B FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - Sign In HOME Calibri Paste B I U A Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells - Clipboard Font fe Expected cash collections: For the Month of March 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Excess (deficiency) of cash available over disbursements 29 Financing: 30 Borrowings 31 Repayments 32 Interest 33 Total financing 34 Cash balance, March 31 ... Budget Data Schedules and Cash Budget ... BIBI