Please assist with attached document. I have started solving but am unsure how to finish.

The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ Total current assets Equipment, gross Accumulated depreciation 841,870 628,000 (164,000) Equipment, net Total assets 464,000 $ Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable 1,305,870 212,195 26,000 $ Total liabilities Common stock Retained earnings 238,195 514,000 752,195 349,000 204,675 Total stockholders' equity Total liabilities and equity 54,000 354,375 100,495 333,000 553,675 $ 1,305,870 To prepare a master budget for April, May, and June of 2015, management gathers the following information. a. Sales for March total 22,500 units. Forecasted sales in units are as follows: April, 22,500; May, 19,500; June, 21,700; July, 22,500. Sales of 254,000 units are forecasted for the entire year. The product's selling price is $22.50 per unit and its total product cost is $18.50 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials inventory is 5,025 units, which complies with the policy. The expected June 30 ending raw materials inventory is 5,400 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 18,000 units, which complies with the policy. d. Each finished unit requires 0.50 hours of direct labor at a rate of $10 per hour. e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $4.10 per direct labor hour. Depreciation of $30,790 per month is treated as fixed factory overhead. f. Sales representatives' commissions are 6% of sales and are paid in the month of the sales. The sales manager's monthly salary is $4,400. g. Monthly general and administrative expenses include $26,000 administrative salaries and 0.5% monthly interest on the long-term note payable. h. The company expects 30% of sales to be for cash and the remaining 70% on credit. Receivables are collected in full in the month following the sale (none is collected in the month of the sale). i. All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases are fully paid in the next month. J. The minimum ending cash balance for all months is $54,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance. K. Dividends of $24,000 are to be declared and paid in May. l. No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter. m. Equipment purchases of $144,000 are budgeted for the last day of June. 1. Required information Problem 7-4A Part 1 1. Sales budget. 2. Required information Problem 7-4A Part 2 2. Production budget. 3. Required information Problem 7-4A Part 3 3. Raw materials budget. 4. Required information Problem 7-4A Part 4 4. Direct labor budget. 5. Required information Problem 7-4A Part 5 5. Factory overhead budget. 6. Required information Problem 7-4A Part 6 6. Selling expense budget. 7. Required information Problem 7-4A Part 7 7. General and administrative expense budget. 8. Required information Problem 7-4A Part 8 8. Cash budget. (Negative balance and Loan repayment amount should be indicated with minus sign. Round your answers to 2 decimal places.) 9. Required information Problem 7-4A Part 9 Budgeted income statement for the entire first quarter (not for each month separately). 9. 10. Required information Problem 7-4A Part 10