Please provide equations so i know how to solve for. Thanks!

Preparation of a Cash Budget Javert Company provided the following information about its operations in May and June. The cash balance on June 1 is $28,000. Actual sales for May and estimated sales for June are as follows: Cash sales Credit sales Total sales $ $ $ May 50,000 $ 350,000 $ 400,000 $ June 40,000 410,000 450,000 Credit sales are collected over a two-month period based on the following estimates: 30% collected in the month of the sale and 70% collected in the month following the sale Purchases of inventory will total $275,000 for June. 60% of the purchase is paid during the month of the purchase, and the remaining 40% is paid in the month following the purchase. The accounts payable remaining from May's inventory purchases total $70,000, and all of it will be paid in June. Variable selling and administrative expenses are budgeted to be 20% of the month's sales revenue. Fixed selling and administrative expenses are budgeted to be $65,000 for June, and this amount already includes $14,000 for monthly depreciation. A purchase of equipment with cash that costs $52,000 is planned near the end of June. Cash dividends of $18,000 will be paid during June. The company maintains a minimum cash balance of $20,000. An open line of credit of up to $300,000 is available from the company's bank as needed. On June 1, there were no borrowings on this line of credit. Instructions: Prepare a cash budget for the month of June. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. Utilize the table below to complete your cash budget with descriptions and amounts. Then, answer the questions listed after that related to financial statement amounts. (Show your calculations on this worksheet for cash collections and for the cash disbursements for inventory purchases.) Cash Budget for the month ended June 30 Amount Cash balance, June 1 Cash collections Total cash available Cash disbursements: Payments for purchases of inventory Selling and administrative expenses Equipment purchases Dividends Total cash disbursements Excess (deficiency) of cash available Financing Borrowing on line-of-credit Cash balance, June 30 Answer the following questions based on your calculations with the cash budget for June and the additional information below. ** The budgeted net income for the month of June is $75,000 ** Retained earnings at the beginning of June was $240,000. What amounts would appear on the budgeted income statement and balance sheet as of and for the month ended June 30 for the following selected items? (Input your answer in the box provided. Notice that you do not have to prepare an entire set of financial statements -- just some selected specific accounts.) Income statement amounts Sales Revenue Selling and Administrative Expenses Balance sheet amounts Cash Accounts Receivable Accounts Payable Ending Retained Earnings