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please solve requirement 2. thanks! Read the requirements. 11,000 Requirements 1. Prepare Humble Company's schedule of cash receipts from customers and schedule of cash payments

please solve requirement 2. thanks! image text in transcribed
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Read the requirements. 11,000 Requirements 1. Prepare Humble Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. 2. Prepare Humble Company's cash budget for the first quarter of 2018. Humble Company has provided the followng budget information for the first quarter of 2018 : Additional data related to the first quarter of 2018 for Humble Company? (Click the loon to viow the budgot information). (i) (Click the icon to view the data.) Reod the reguirements Data table More info Copial expenddures incluse 537,000 foe new marufacturing equipment to be a. purchased and paid in the first quarter. Cash receipts are 65% of sales in the quarter of the sale and 35% in the b. quartor following the sale. Drect maserials purchases are paid 70% in the cuariet purchased and 30% in c. the next quarter. Direct tabor, manufocturing overhead, and seling and administrative costs are d. paid in the cuaree incured. Income tax expense for the frot quarter is proincted at $41,000 and is paid in e. The quarter incured Huntile Company expects to have adequale cash funds and does not t. Anticipate berrowing in the frot evaref. The December 31, 2017, balance in Cash is 532,000 , in Accoounts Receivable. 9 . is \$17,900, and in Accounts Payable is \$12,800

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