please help with Requirements 2&3!!

Required information SB Problem PAB-1 to PAB-3 The following information opplies to the questions displayed below) Iguana, incorporated, manufactures bamboo picture frames that sell for $25 each Each frame requires 4 linear feet of bamboo, which costs $250 per foot. Each frame takes approximately 30 minutes to bulid, and the labor tate averages $14 per hout iguans has the foliowing inventory poilies: - Ending finished goods inventory should be 40 percent of next montris sales. - Ending direct materlats inventory should be 30 percent of next month's production Expected unit sales (frames) for the upcoming months follow: Variable manufacturing overhead is incurred at a rate of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ( $600 per month) for expected production of 4,500 units for the year, Selling and odministrotive expenses are estimated at 5650 per month plus 50.50 per unit sold Iguano. Incorporated, had 511,200 cash on hand on Aprat 1 . Or as sales, 80 percent is in cash of the credit saies, 50 percent is collected during the month of the sale, and 50 percent 15 collected during the month following the sale. Of direct materials purchases, 80 percent is poid for during the month purchased and 20 percent is paid in the following month. Direct matenals purchases for March 1 totaled \$4,500. All other operating costs are paid durting the month incurred Monthiy fixed manufactunng overhead includes $340 in depreciation During Apri, Iguana plans to pay $3,500 for a plece of equipment. PA8-3 (Algo) Preparing Cosh Budget [LO 8-4] Required: 1. Compute the budgeted cash receipts for iguana. 2. Compute the budgeted cash payments for iguana 2. Compute the budgeted cash payments foriguana. 3. Prepare the cash budget for iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter Complete this question by entering vour answers in the tabs below. Compute the budgeted cash parments for Iguana. Notei Do not round veur intermediate calculations. Round final answers to 2 decimal places. 1. Compute the budgered cash receipts for lguana 2. Compute the budgeted cash payments for lguana 3. Preasie the cash budger for iguane. Assume the company can borrow in increments of $1,000 to maintain a 510,000 mmimum cash balance No interest is charged if the loan is paid off by the end of the next auartec. Complete this question by entering your answers in the tabs below. minmim cash balance. No interest is charged if the loan is pad off by the end of the next quartes