please refer to the cells with the formula ans not just a number thank you :)

Excel SIM: Cash Budget with Supporting Cash Collections and Disbursements Schedules 1. Prepare a sales budget, including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. S \& P Enterprises needs a cash budget for March. The following information is available. Data January February March 4 Actual January and February and expected March sales: 5 Cash sales $1,600$3,750$5,100 Sales on account Total Sales $26,60025,000$33,75030,000$45,10040,000 Accounts Receivable Collections: \begin{tabular}{|l|l|} \hline 10 & Month of sale \\ \hline 11 & Month following sale \\ \hline 12 & Second month following sale \end{tabular} Uncollectible \begin{tabular}{r|} \hline 15% \\ 60% \\ 22% \\ 3% \\ \hline \end{tabular} 14. 15. Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March $10,500 $23,500 Inventory payments: \begin{tabular}{|r|lr|} \hline 18 & Month of purchase & 60% \\ \hline 19 & Month following purchase & 40% \\ \hline 20 & & \\ \hline 21 & Total budgeted selling \& administrative expenses in March & $12,500 \\ \hline 22 & Budgeted selling \& administrative depreciation in March & $3,200 \\ \hline 23 & & \end{tabular} The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and grghedules. Click the Schedules and Cash Budget tab to prepare the following: 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month. 42 43 44 45 REREADYAttempt(s) Expected cash collections: 2. March cash collections 3 March collections on account: 4 January sales February sales March sales Total cash collections 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 S \& P Enterprises Cash Budget For the Month of March Cash balance, March 1 Add cash receipts: Collections from customers Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Sellins and administrative exnenses For the Month of March Cash balance, March 1 Add cash receipts: Collections from customers Total cash available Less disbursements: 23 Payments to suppliers Selling and administrative expenses Equipment purchases Dividends paid Total disbursements 28 Preliminary cash balance Financing: Additional loan Loan repayments Interest Total financing Cash balance, March 31