Please help! Im at a loss on what to do$.$ Show working notes! The following data relates to the operations of XYZ Company, a consumer goods company. This data is as of March $31.$

$\backslash$table$[[$Cash$,$$$30,000$

Equipment costing $$40,000$ will be purchased for cash in April and equipment costing $$25,000$ will be purchased for cash in May.

h$.$ Management would like to maintain a minimum cash balance of at least $$15,000$ at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $$1,000$ at the beginning of each month, up to a total loan balance of $$25,000.$ The interest rate on these loans is $2\%$ per month. For simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Using the data provided, use the Excel Template to prepare the following budget schedules.

Sales Budget $($Merely enter the sales data provided.$)$

Schedule of Expected Cash Collections

Merchandise Purchases Budget

Schedule of Expected Cash Disbursements $-$ Merchandise Purchases

Schedule of Expected Cash Disbursements $-$ Selling and Administrative Expenses

Cash Budget

Please note that Excel formulas or functions should be used throughout the budget wherever possible, instead of entering numbers into each cell.

Managerial Accounting $-$ Course Project

Budgeted Sales

$\backslash$table$[[$March$,$April,May,June,July$],[,,,,]]$

$\backslash$table$[[$Schedule of Expected Cash Collections$],[$Cash Sales Credit Sales Total Collections,April,May,June,Quarter$],[$$$59,50021,000,,,],[,,,],[$$$80,500,,,],[$Merchandise Purchases Budget$],[,$April,May,June,Quarter$],[$Budgeted Cost of Goods Sold,$$51,00038,640,,,],[$Total Needs,$89,640,,,],[$less: Beginning Inventory,$40,000,,,],[$Required Purchases,$$49,640,,,]]$

$\backslash$table$[[$Schedule of Expected Cash Disbursements $-$ Merchandise Purchaes$],[,$April May June Quarter,,$],[,$$$21,930,,],[$March Purchases,$24,820,,],[$April Purchases,,,$],[$May Purchases,,,$],[$June Purchases,$$46,750,,],[$Total Disbursements,,,$],[,,,]]$

Schedule of Expected Cash Disbursements $-$ Selling & Administrative

$\backslash$table$[[,$April,May,June,Quarter$],[$Commissions$,$$$8,500,,,],[$Rent$,3,000,,,],[$Other Expenses,$4,250,,,],[$Total Disbursements,$$15,750,,,],[$Cash Budget,,,$],[$April$,$May,June,Quarter$],[$Cash Balance Beginning,$$30,000,,,],[$Add: Cash Collections,$80,500,,,],[$Total Cash Availlable,,,,$],[$Less Cash Disbursements$],[$For Inventory,$46,750,,,],[$For Expenses,$15,750,,,],[$For Equipment,$40\mathrm{.}000,,,],[$Total Cash Disbursements,,,,$],[$Excess $($deficiency$)$ of Cash,$8,000,,,],[$Borrowing$,,,,],[$Repayments$,,,,],[$Interest Paid,,,,$],[$Ending Cash Balance,,,,$]]$