Please complete all parts (the yellow boxes) correctly (as best as possible).

S\&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers. Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. \begin{tabular}{|l|l|} \hline 3 & Expected cash collections: \\ \hline 4 & March cash collections \\ \hline 5 & March collections on account: \\ \hline 6 & January sales \\ \hline 7 & February sales \\ \hline 8 & March sales \\ \hline 9 & Total cash collections \\ \hline 10 & \\ \hline 11 & Payments to suppliers: \\ \hline 12 & Accounts payable for inventory purchases, beginning balance \\ \hline 13 & March purchases \\ \hline 14 & Total cash payments \\ \hline 15 & \\ \hline 16 & \\ \hline 17 & \\ \hline 18 & Cash balance, March 1 \\ \hline 19 & Cash Budget \\ \hline 20 & Add cash receipts: \\ \hline 21 & Collections from customers \\ \hline 22 & Total cash available \\ \hline 23 & Less disbursements: \\ \hline 24 & Payments to suppliers \\ \hline 25 & Selling and administrative expenses \\ \hline 26 & Equipment purchases \\ \hline \end{tabular}