PLEASE ONLY ANSWER WHEN YOU ARE $100\%$ SURE YOUR ANSWER IS CORRECT! I NEED $100$ ON THIS QUESTION. And if you need to see table example for this question please look up other exact questions $($but different numbers, that's why I posted this$)$

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods:

a$.$ The gross margin is $25\%$ of sales.

b$.$ Actual and budgeted sales data are as follows:

c$.$ Sales are $60\%$ for cash and $40\%$ on credit. Credit sales are collected in the month following sale. The accounts receivable at March $31$ are the result of March credit sales.

d$.$ Each month's ending inventory should equal $80\%$ of the following month's budgeted cost of goods sold.

e$.$ One$-$half of a month's inventory purchases is paid for in the month of purchase; the other one$-$half is paid for in the following month.

The accounts payable at March $31$ are the result of March purchases of inventory.

f$.$ Monthly expenses are as follows: commissions, $12\%$ of sales; rent, $$2,500$; other expenses $($excluding depreciation$),6\%$ of sales.

Assume that these expenses are paid monthly. Depreciation is $$900$ per month and includes depreciation on new assets.

g$.$ Equipment will be acquired for cash: $$1,500$ in April.

h$.$ Management would like to maintain a minimum cash balance of $$4,000$ at the end of each month. The company has an agreement

with a local bank that allows the company to borrow as needed at the beginning of each month, up to a total loan balance of

$$20,000.$ The interest rate on these loans is $1\%$ per month and for simplicity we will assume that interest is not compounded. The

company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Required:

Using the preceding data, complete the following:

$1.$ Schedule of expected cash collections:

$-$ This table includes Cash sales, Credit sales, Total collection for the month of April, May, June, Quarter.

$-$ The numbers for the month of April are provided as below:

Cash sales: $$36,000$

Credit sales: $$20,000$

Total collection: $$56,000$

$2.$ Merchandise purchases budget:

$-$This table includes: Budgeted cost of good sold, Add desired ending inventory, Total needs, Less begining merchandise inventory, Required purchases for the month of April, May, June, Quarter

$-$ The numbers for the month of April are provided as below:

Budgeted COGS: $$45,000$

Add desired EI: $$43,200$

Total needs: $$88,200$

Less beiginning MI: $$36,000$

Required purchases: $$52,200$

Budgeted cost of goods sold for April $=$ $$60,000$ sales $\backslash$times $75\%=$ $$45,000.$

Add desired ending inventory for April $=$ $$54,000\backslash$times $80\%=$ $$43,200.$

Schedule of expected cash disbursements $-$ merchandise purchases

$-$This table includes: March, April, May, June purchses $($column$),$ total disbursements for the month of April, May, June, Quarter.

$-$There is data already provided as below:

March purchases for the month of April: $$21,750$

March purchases for Quarter: $$21,750$

April purchases for the month of April: $$26,100$

April purchases for the month of May: $$26,100$

April purchases for Quarter: $52,200$

$3.$ Complete the following cash budget:

This table includes: Beginning cash balance, Add collections from customers, Total cash available, Less cash disbursements: For inventory, For expenses, For equipment, Total cash disbursements, Excess $($deficiency$)$ of cash available over disbursements: Financing: Borrowings, Repayments, Interest, Total financing, Ending cash balance.

$-$Data for the month of April is provided as below:

Beginning cash balance: $$8,000$

Add collections from customers: $$56,000$

Total cash available: $$64,000$

Less cash disbursements:

For inventory: $$47,850$

For expenses: $$13,300$

For equipment: $$1,500$

Total cash disbursements: $$62,650$

Excess $($deficiency$)$ of cash available over disbursements $$1,350$

$4.$ Prepare an absorption costing income statement for the quarter ended June $30.$

$5.$ Prepare a balance sheet as of June $30.$

Please, I spent lots of time and energy to type out this questions, if you can't answer all $5$ parts, please don't :( And please be sure of your answers before submit it$!$ Thank you so much!