Please solve requirement 1 thank you!

Humble Compary has provided the folowing budget information for the frst puarter of 2018 : Additional data related to the first quarter of 2 Requirement 1. Prepare Humble Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. Begin by preparing the schedule of cash receipts from customers for the frat quarter of 2018. Humble Company has provided the following budget intormation for the first quarter of 2018 : 1. Additional dota related to the first quarter of 2018 lor Humble Con Humble. Company has provided the following budget information for the first quarter of 2018: Data table More info Capital expenditures incude $43,000 for new marufacturing equipment to be a. purchased and paid in the first guartec. Cash recoipts are b5\% of sales in the quarter of the sale and 15% in the b. quarter following the sale. Diect materials purchases are paid 70% in the quarter purchased and 30% in c. the next quarter. Direct laber, manufactyring overhead, and soling and ddministrative costs are d. paid in the quarter incurred. Income tax expense for the first quarter ia projocted at $45.000 and is paid in e. the quarter incurred. Humble Company expects to have adequate cash funds and does noe f. anscipalo borrowing in the frot quarter. The December 31, 2017, balanco in Cash is 515,000 , in Accounts Recevable 9. is $18.500, and in Accounts Payable is $11,600