**Only need help with cash budget and budgeted balance sheet, please and thank you so much!**

Prepare the Cash Budget for October 2021.

Prepare a budgeted balance sheet for October 31, 2021 by calculating the October 31, 2021 balances in (a) cash (b) accounts receivable (c) inventory (d) PP&E, (e) Long-Term Liabilities and (f) stockholders equity.

Rainy Days Inc. manufactures and sells fishing boats. In September 2021, Rainy Days controller gathered the following data to prepare the October 2021 budget.

Estimated Direct Materials needed is 11 feet of fiberglass per boat and 12 yards of sheetmetal per boat

Estimated Direct manufacturing labor required is 5 hours per boat

Rainy Days Controller expects to sell 3,400 boats during October 2021 at an estimated retail price of $850 per boat. Further, the Controller expects October 2021 beginning inventory of 600 boats and would like to end October 2021 with 300 boats in stock.

The beginning fiberglass inventory on October 1, 2021 is expected to be 1,540 feet. and the ending balance is expected to be 2,040 feet. The September unit cost was $34.00 per foot and the October unit cost is projected to be $32.00 per foot.

The beginning sheetmetal inventory on October 1, 2021 is expected to be 2,040 yards and the ending balance is expected to be 1,040 yards. The September unit cost was $9 per yard and the October cost is expected to be $8 per yard.

Labor costs are $29 per hour in September and are expected to be $28 in October.

Variable manufacturing overheard is $8 per direct manufacturing labor hour. Fixed manufacturing overhead costs budgeted for October 2021 are Labor $20,000, Maintenance, $25,000, Insurance $22,000 and property taxes of $18,000. Rainy Day's variable manufacturing overhead rate is based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $220 per sales visit. The marketing plan calls for 40 sales visits during October 2021.

Finished-goods inventory on September 30, 2021 is valued $595.00 per unit. Assume Rainy Days uses a weighted-average inventory method for both direct materials and finished goods. Ignore work in process in your calculations.

Budgeted Balance Sheet balances as of September 30, 2021 are as follows:

Cash -

Accounts Receivable -

Inventory -

Property, plant and equipment (net) $1,175,600

Accounts Payable -

Long-term liabilities $182,000

Stockholders equity -

Selected budget information for September 2021 follows:

Cash balance, September 30, 2021 $124,000

Budgeted sales $1,650,000

Budgeted materials purchases $820,000

Customer invoices are payable within 30 days. From past experience, Rainy Days accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month.

Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 50% of direct materials purchases paid during the month of the purchase, and 50% paid in the month following purchases.

Fixed manufacturing overhead costs include $64,000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly.

There was not any property, plant, and equipment acquired during October 2021.

There were no borrowings or repayments with respect to long-term liabilities in October 2021.

On September 15, 2021, Rainy Days board of directors declared a $162,880 dividend payable to stockholders on October 31, 2021. The Board paid $160,000 and declared $162,880, do not make any adjustments for the difference.