Please show work

35. Highland Company has the following information:

Month Budgeted Sales January $70,000 February 75,000 March 82,000 April 89,000

Budgeted Operating Expenses Per Month Wages $20,000 Advertising 10,000 Depreciation 5,000 Other expenses 3% of sales

All cash expenses are paid as incurred. What are the total operating expenses budgeted for the month of February? A) $30,000 B) $35,040 C) $37,250 D) $38,200

37. Saltine Company is preparing a cash budget for the month of June. The following information is available:

Cash Balance, May 31, 2017 $11,000 Cash collections from customers in June 43,000 Cash paid for land in June 10,000 Patent amortization expense in June 5,000 Cash paid for merchandise in June 20,000 Cash paid for operating expenses in June 20,000 Cash dividend paid in June 5,000

The minimum cash balance desired is $5,000. What is the deficiency of cash before financing at June 30, 2017? A) $(5,000) B) $(6,000) C) $(11,000) D) $(12,000)