please help me fill in the blank boxes. the answers were NOT 88,031

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. 112.500 102,100 113,000 Sales Unit sales for November 2019 Unit sales for December 2019 Expected unit sales for January 2020 Expected unit sales for February 2020 Expected unit sales for March 2020 Expected unit sales for April 2020 Expected unit sales for May 2020 Unit selling price 112,500 116,000 125,000 137.500 $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $183,780, Direct Materials Direct materials cost 75 cents per pound. Two pounds of direct materials are required to produce each unit, Direct Materials Direct materials cost 75 cents per pound. Two pounds of direct materials are required to produce each unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory, Raw Materials on December 31, 2019, totaled 11,295 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $120,595. Direct Labor Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour. Manufacturing Overhead Indirect materials 300 Indirect labor 500 per labor hour per labor hour Utilities 450 per labor hour Maintenance 256 per labor hour Salaries $42,000 per month Depreciation $16,800 per month Property taxes $2,675 per month Insurance $1,200 per month Selling and Administrative Variable selling and administrative cost per unit is $1.60. Advertising $15,000 a month Insurance $1,400 a month Salaries Depreciation Other fixed costs $72,000 a month $2,500 a month $3,000 a month Other Information The Cash balance on December 31, 2019, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800.000 beginning on January 31, 2020, Dividends are paid each month at the rate of $2,50 per share for 5,000 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1.000 increments at 8% interest Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February For the first quarter of 2020, prepare a schedule for expected payments for materials purchases. (Round answers to 0 decimal places, e.g. 2,520.) Schedule of Expected Cash Payments for Purchases February March January Accounts payable, 12/31/19 120.595 January 84.709 84.709 February 84.789 84789 March Total payments 205,304 169.498 $ $ xpected payments for materials purchases. (Round answers to 0 decimal h Payments for Purchases March Quarter $ $ 120,595 1.709 169.418 789 84.789 169,579 1498 $ 547,623 Attempts: 2 of 5 used Submit