please solve Schedule of cash receipts, cash payments for direct materials, cash budget, and loan balance

Balance Sheet March 31 Assets Liabilities and Equity Cash $ 43,000 Liabilities Accounts receivable 404,040 Accounts payable Raw materials inventory 86,200 Loan payable Finished goods inventory 387,168 Long-term note payable Equipment $ 606,000 Equity Less: Accumulated depreciation 153,000 453,000 Common stock Retained earnings Total assets $ 1,373,408 Total liabilities and equity To prepare a master budget for April May, and June, management gathers the following information $ 194,800 15,800 500,eee $ 709,800 338,000 325, 608 663,608 $ 1,373,408 materials. a. Sales for March total 22.200 units. Budgeted sales in units follow: April, 22,200, May, 16,000: June 19,800; and July, 22,200. The product's selling price is $26.00 per unit and its total product cost is $21.80 per unit b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 4,310 pounds. The budgeted June 30 ending raw materials inventory is 4,300 pounds. Each finished unit requires 0.50 pound of direct c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory is 17760 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $18 per hour. e. The predetermined variable overhead rate is $3.00 per direct labor hout. Depreciation of $25,133 per month is the only fixed factory overhead item. f. Sales commissions of 9% of sales are paid in the month of the sales. The sales manager's monthly salary is $3,300. g. Monthly general and administrative expenses include $15,000 for administrative salaries and 0,6% monthly interest on the long- term note payable h. The company budgets 30% of sales to be for cash and the remaining 70% on credit Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale) 1. All raw materials purchases are on credit and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase) J. The minimum ending cash balance for all months is $43,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans k. Dividends of $13,000 are budgeted to be declared and paid in May. 1. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June ZIBGY MANUFACTURING Schedule of Cash Receipts April $ 577,200 $ June May 416,000 $ 514,800 Sales Cash receipts from Cash sales Collections of prior period sales Total cash receipts 124,800 154,440 173,160 404,040 577,200 $ 0 $ 416,000 $ 154,440 May June 194,600 Schedule of Cash Payments for Direct Materials April Materials purchases $ 181,400 $ 203,800 $ Cash payments for Current period purchases Prior period purchases Total cash payments $ 0$ 0 $ 0 Cash Budget April May June Beginning cash balance Total cash available Less: Cash payments for: 0 0 Total cash payments Preliminary cash balance 0 Ending cash balance Loan balance April May June Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month 0