Paul Corporation sells chocolate in the process of assembling cash budget for first quarter of 20x1

70%of customer accounts collected in month of sale; 30% collected in following month, Only 20% of accounts outstanding Dec 31 20x0 to be recovered in Jan 20x1. 70% merchandise paid in month purchased, 20% pain in month after acquisition. Dec 31 20x0 balance sheet shows cash: $75,000, account receivable $305,000, accounts payable $54;000. Minimum cash balance $94;000. Financing available in $2000 at 8%interest.

January February. March

Sales $500,000. $430,000. $600,000

Purchase 350,000. 380,000 500,000

cash operating costs 106,000 30,000 147,000

sales of equipment. - - 30,000

Prepare schedule that discloses firms total cash collection for January to March

Prepare schedule that discloses firms total cash disbursements for January to March

Prepare schedule that summarizes firms financing cash flow for January to March