Please help me with Part H, I and J with filling in the required information. Please dont skip these parts i have A-G already completed. Thumbs up for right answer.

Required information Problem 14-23 Preparing a master budget for retail company with no beginning account balances LO 14 2, 14-3,14-4,14-5, 14-6 The following information applies to the questions displayed below) Munoz Company is a retail company that specializes in selling outdoor camping equipment. The company is opening a new store on budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks: formed a pl annin g committee to prepare a master a. October sales are estimated to be $400,000, of which 45 percent will be cash and 55 percent will be credit. The company expects b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale c. The cost of goods sold is 70 percent of sales. The company desires to maintain a minimum ending inventory equal to 20 percent of sales to increase at the rate of 20 percent per month. Prepare a sales budget Prepare a schedule of cash receipts the next month's cost of goods sold. However, ending inventory of December is expected to be $13,900. Assume that all purchases are made on account. Prepare an inventory purchases budget d. The company pays 80 percent of accounts payable in the month of purchase and the remaining 20 percent in the following month Prepare a cash payments budget for inventory purchases Budgeted selling and administrative expenses per month follow Salary expense (ixed) Sales commissions $19,900 4% of Sales 2% of Sales Supelles espense Utilities (fixed 3,300 5,900 s 6,700 5 3,100 Depreclatlon on store fistures (Fixed) Rent (fixed) Riscellaneous (ixed) f. Usilities and sales commissions are paid the month after they are incurred, all other expenses are paid in the month in which they g. Munoz borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any are incurred. Prepare a cash payments budget for selling and administrative expenses amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month To be prudent, the company desires to maintain a $31,000 cash cushion. Prepare a cash budget Complete this question by entering your answers in the tabs below Required ARequired Required C Required D Required E Required FRequiredG October sales are estimated to be $400,000, of which 45 percent will be cash and 55 percent will be credit. The company expects sales to increase at the rate of 20 percent per month. Prepare a sales budget. Sales Budget Cash sales Sales on account Total budgeted sales S 180,000t 216,000 259,.200 316,800 400.000ls 480 000 576 000 220,000 264.000 h. Prepare a pro forma income statement for the quarter. i. Prepare a pro forma balance sheet at the end of the quarter. j. Prepare a pro forma statement of cash flows for the quarter Required H Required I Required J Prepare a pro forma income statement for the quarter. MUNOZ COMPANY Pro Forma Income Statement For the Quarter Ended December 31, 2019 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Operating income ces nterest expense et income Required H Required I Required Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted MUNOZ COMPANY Pro Forma Balance Sheet December 31, 2019 Assets Cash Accounts receivable Inventory Store fixtures Less: Accumulated depreciation Book value of fixtures Total assets Liabilities Accounts payable Utilities payable Sales commissions payable Line of credit liability of 2 Less: Accumulated depreciation Book value of fixtures Total assets Liabilities Accounts payable Utilities payable Sales commissions payable Line of credit liability ook rint rences Equity Retained earnings Total liabilities and equity equired H Required I Required J repare a pro forma statement of cash flows for the quarter. (Amounts to be. deducted should be in MUNOZ COMPANY Pro Forma Statement of Cash Flows For the Quarter Ended December 31, 2019 Cash flows from operating activities Cash receipts from customers Cash payments for inventory Cash payments for selling and administrative expenses 1,139.200 (965,808) (160,020) Cash payments for interest expense Net cash flows from operating activities Cash flows from investing activities 13,372 Cash payment for store fixtures Cash flow from financing activities Net inflow from line of credit Net increase in cash Plus Beginning cash balance Required information Cash payments for selling and administrative expenses Cash payments for interest expense (160,020) $ 13,372 et cash flows from operating activities Cash flows from investing activities Cash payment for store fixtures Cash flow from financing activities Net inflow from line of credit Net increase in cash Plus: Beginning cash balance Ending cash balance Required