Please solve properly in a clear manner, the whole problem please, thank you very much!

There are 2 different problems:

A) First Problem:

B) Second Problem:

Sheffield Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,300 of depreciation per month. Other data: 1. Credit sales: November 2021,\$325,000; December 2021, $416,000. 2. Purchases of direct materials: December 2021,$130,000. 3. Other receipts: January-Collection of December 31,2021 , notes receivable $19,500; February-Proceeds from sale of securities $7,800. 4. Other disbursements: February-Payment of $7,800 cash dividend. The company's cash balance on January 1, 2022, is expected to be $78,000. The company wants to maintain a minimum cash balance of 565,000 . Prepare a cash budeet for Januaru and Eehnuame in monhi.na... L.. Sheffield Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detalled manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $728,000 for product J850 and $468,000 for product J860, and administrative expenses of $702,000 for product JB50 and $442,000 for product JB60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. Prepare the production budget for the year. Prepare the direct materials budeet for the year? Prepare the direct labor budzet for the year. (Round Direct laber time per unit antwers to 1 decimal place, es 525 . Prepare the budegeted multiple-step income statement for the year. (Note income taxes are not allocated to the products)