Please answer ASAP

Requirements 1. Prepare Huber Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. 2. Prepare Huber Company's cash budget for the first quarter of 2024. Haber Compary has provided the following budget inlormation for the first quarter of 202.4 Additional dear related to the fient muater at 24 for Huber Company Fit (Click the icsen to wiew the budget infermation ) (Cles the leon to view the daca) Reyd the tratititents Begin by preparing the schedale of cash recolpts from cuntomers for the fent quarter of 2074 \begin{tabular}{l} \hline 1st Qtr-Sales \\ Total cash receipts from customers \\ \hline \hline Accounts Receivable balance, March 31, 2024: \\ \hline 1st Qtr-Sales, collected in 2nd Qtr. \end{tabular} Prepare the schedule of cash payments for the first quarter of 2024 . Cash Payments First Quarter 2024 Total direct materials purchases Cash Payments \begin{tabular}{l} Total direct materials purchases \\ Cash Payments \\ Direct Materials: \\ Accounts Payable balance. December 31,2023 \\ \hline 1st Qtr-Direct material purchases \\ Total payments for direct materials \end{tabular} Direct Labor: Total payments for direct labor Manutacturing Overhead: Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses. \begin{tabular}{l} Total payments for manufacturing overhead \\ Selling and Administrative Expenses: \\ \hline Total payments for Selling and Admin. expenses \\ \hline \end{tabular} Income Taxes: Total payments for income taxes Requirement 2. Prepare Huber Company's cash budget for the first quarter of 2024 Reviaw the schedule of cash receipts from customers you prepared in Requirement 1 Requirement 2. Prepare Huber Company's cash budget for the first quarter of 2024. Review the schedule of cash receipts from customers you prepared in Requirement 1. Review the schedule of cash payments you prepared in Requirement 1. Cash receipts Cash available Cash payments: Purchases of direct materials Birectlabor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments Ending cash balance quarter of 2024 for Hul a) More info a. Capital expenditures include $40,000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 70% of sales in the quarter of the sale and 30% in the quarter following the sale. c. Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. d. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. e. Income tax expense for the first quarter is projected at $43,000 and is paid in the quarter incurred. f. Huber Company expects to have adequate cash funds and does not anticipate borrowing in the first quarter. 9. The December 31, 2023 balance in Cash is $35,000, in Accounts Receivable is $22.500, and in Accounts Payable is $14.500