please help me , I should make it on excel file

CASE SCENARIO You have just been hired as a new management trainee by Bahrain Company, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below. The company sells many styles of earrings, but all are sold for the same price$20 per pair Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings) January (actual) 23,200 June (budget) 53,200 February (actual) 29,200 July (budget) 33,200 March (actual) 43,200 August (budget) 31,200 April (budget) 68.200 September (budget) 28,200 May (budget) 103,200 The concentration of sales before and during May is due to Mother's Day Sufficient inventory should be on hand at the end of each month to supply 40% of the earrings sold in the following month Suppliers are paid $5 60 for a pair of earrings. One-half of a month's purchases is paid for in the month of purchase, the other half is paid for in the following month All sales are on credit. Only 20% of a month's sales are collected in the month of sale An additional 70% is collected in the following month and the remaining 10% is collected in the second month following sale. Bad debts have been negligible Click Save and be 78F Clo Monthly operating expenses for the company are given below Variable: Sales commissions 4% of sales Fixed: Advertising $360,000 Rent $ 34,000 Salaries $ 138,000 Utilities $ 15,000 Insurance $4,600 Depreciation $ 30,000 Insurance is paid on an annual basis, in November of each year. The company plans to purchase $24,000 in new equipment during May and $56,000 in new equipment during June: both purchases will be for cash The company declares dividends of $27,000 each quarter, payable in the first month of the following quarter. The company's balance sheet as of March 31 is given below Assets Cash $ 90,000 Accounts receivable (558,400 February sales. $691 200 March sales) 749,600 Inventory 152,768 Prepaid insurance 29.000 Property and equipment (net) 1.110,000 Total assets $ 2.131.368 Liabilities and Stockholders Equity Accounts payable $ 116.000 Dividends payable 27.000 Common stock 1.120.000 Retained earrings 868 368 Total liabilities and stockholders equity $2 131.368 Monthly operating expenses for the company are given below. Variable: Sales commissions 4% of sales Fixed: Advertising $360,000 Rent $ 34,000 Salaries $ 138,000 Utilities $ 15,000 Insurance $4,600 Depreciation $ 30,000 Insurance is paid on an annual basis, in November of each year. The company plans to purchase $24,000 in new equipment during May and $56,000 in new equipment during June, both purchases will be for cash The company declares dividends of $27,000 each quarter, payable in the first month of the following quarter. The company's balance sheet as of March 31 is given below Assets Cash S 90,000 Accounts receivable (558,400 February sales $691 200 March sales) 749,600 Inventory 152,768 Prepaid insurance 29.000 Property and equipment (net) 1.110,000 Total assets $ 2.131,368 Liabilities and Stockholders Equity Accounts payable $ 116.000 27,000 Dividends payable Common stock 1.120.000 Retained earrings 868 368 $2 131.368 Total liabilities and stockholders equity Question Completion Status: The company maintains a minimum cash balance of $66,000. All borrowing is done at the beginning of a month any repayments are made at the end of a month The company has an agreement with a bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. All the end of the quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible (in increments of $1,000). while still retaining at least 566,000 in cash Required: You are required to prepare a master budget in excel file for the three-month period ending June 30. Include the following detailed 1. A sales budget, by month and in total. 2. A schedule of expected cash collections, by month and in total. 3. A merchandise purchases budget in units and in dollars. Show the budget by month and in total 4. A schedule of expected cash disbursements for merchandise purchases, by month and in total 5. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $66.000 6. A budgeted income statement for the three-month period ending June 30. Use the contribution approach 7. A budgeted balance sheet as of June 30. In preparing your answers in the excel file you should generally design the excel file to include the following sheets - Budget launch page (content page) Beginning balance budget Budgeting assumptions Sales budget - Schedule expected cash collections Merchandise purchases budget Schedule expected cash disbursements Cash budget Budgeted Income statement Budgeted balance sheet Relevant explanations of your calculations Include your name & ID in the header Note: There will be marks for making your workbook interactive for example (links that take you to the other worksheets) as well as proper and neat presentation