PLEASE HELP!!!!! Parts A through F is all correct. However, parts G, H, I and J are not complete... many parts missing. THANK YOU SO MUCH!!!!!!!!

Required information [The following information applies to the questions displayed below. ] Campbell Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the rst three months of operation. As budget coordinator, you have been assigned the following tasks. Required 3. October sales are estimated to be $370,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 30 percent per month. Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. 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 the next month's cost of goods sold. However, ending inventory of December is expected to be $12,300. Assume that all purchases are made on account. Prepare an inventory purchases budget. d. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases. e. Budgeted selling and administrative expenses per month follow. Salary expense (fixed) $18,300 Sales commissions 4% of Sales Supplies expense 2% of Sales Utilities (fixed) $ 1 Depreciation on store fixtures (fixed)* $ 4 Rent (fixed) $ 5,100 Miscellaneous (fixed) $ 1 "The capital expenditures budget indicates that Campbell will spend $126,200 on October 1 for store xtures, which are expected to have a $23,000 salvage value and a two-year (24-month) useful life. Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G October sales are estimated to be $370,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 30 percent per month. Prepare a sales budget. $ 143,000 $ 192,400 $ 250,120 m 288,600 375,180 $ 370,000 $ 481,000 $ 625,300 Required B > Sales Budget Cash sales Sales on account Total budgeted sales Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. Schedule of Cash Receipts Current cash sales $ 148,000 $ 192,400 $ 250,120 Plus collections from A/R . 222,000 288,600 Total collections $ 148,000 $ 414,400 $ 538,720 ( RequiredA RequiredC > Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B : Required C : Required D Required E Required F Required G The cost of goods sold is 70 percent of sales. The company desires to maintain a minimum ending inventory equal to 20 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $12,300. Assume that all purchases are made on account. Prepare an inventory purchases budget. : udgeted cost of goods sold $ 259,000 $ 336,700 $ 437,710 ' lus: Desired ending inventory 67,340 87,542 12,300 Inventory needed 326,340 424, 242 450,010 ess: Beginning inventory $$ 67, 340 87, 542 Required purchases (on account) 326,340 356, 902 $ 362,468 Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B Required C : Required D : Required E Required F Required G The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases. (Round your final answers to the nearest whole dollar amounts.) Schedule of Cash Payments Budget for Inventory Purchases Payment of current month's accounts payable 228,438 $ 249 831 253, 728 Payment for prior month's accounts payable :.$ 97,902 107,071 Total budgeted payment for inventory 228 438 347 733 360, 799 ( Requiredc RequiredE ) Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any 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 $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E 5 Required F Required G Prepare a selling and administrative expenses budget. Selling and Administrative Expense Budget Salary expense $ 18,300 $ 18,300 $ 18,300 Sales commissions 14,800 19,240 25,012 Utilities 1,700 1,700 1,700 Depreciation on store xtures 4,300 4,300 4,300 Rent 5,100 5,100 Miscellaneous 1,500 1,500 1,500 Total S&A expenses $ 53,100 $ 59,760 $ 68,418 f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $15,000 cash cushion. Prepare a cash budget. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Utilities and sales commissions are paid the month aer they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. Schedule of Cash Payments for 5&A Expenses Salary expense $ 18,300 $ 18,300 $ 18,300 Sales commissions 14,800 19,240 Supplies expense 7,400 9,620 12,506 Utilities 1,700 1,700 Depreciation on store xtures Rent Miscellaneous Total payments for S&A expenses Required A Required B H Required C Required D Required E H Required F Required G Campbell borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any 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 $15,000 cash cushion. Prepare a cash budget. (Any repayments/shortage which should be indicated with a minus sign.) Show IessA _ Total Cash available Section 2: Cash Payments __ -__ ___ ___ Total budgeted disbursements 386,938 398,753 419,145 Section 3: Financing Activities surpluushonase) (238,... 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. Complete this question by entering your answers in the tabs below. Required H -Required I -RequiredJ Prepare a pro forma income statement for the quarter. $ 1.476.300 Cost of goods sold 1 ,033,410 m _ Ju. ______________________ Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.) _ _ _0 _ Book value of xtures 113,300 Total assets $ 515,780 Liabilities _ _ _ _ Total liabilities and equity _ $ 133,783 Prepare a pro forma statement of cash flows for the quarter. (Amounts to be deducted should be indicated by a minus sign.) CAMPBELL COMPANY Pro Forma Statement of Cash Flows For the Quarter Ended December 31, year 1 Cash flows from operating activities Cash receipts from customers $ 1, 101, 120 Cash payments for inventory (936,970) Cash payments for selling and administrative expenses (141,666) Cash payments for interest expense Net cash flows from operating activities $ 22,484 Cash flows from investing activities Cash payment for store fixtures (126,200) Cash flow from financing activities Net inflow from line of credit Net increase in cash Plus: Beginning cash balance 0 Ending cash balance $ 0