Please someone could answer this question in an organized way according to the tables. Thanks!!!

Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2017 DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets Cash Accounts receivable Inventory Total current assets Equipment Less: accumulated depreciation $ 35,000 520,000 157,500 $ 712,500 624,000 78,000 Equipment, net Total assets 546,000 $1,258,580 Liabilities and Equity Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total 1iabilities Common stock Retained earnings Total stockholdes' equity Total liabilities and equity $ 350,800 14,800 90,000 $ 454,000 470,500 334,00 804, 500 51,258,580 To prepare a master budget for January, February, and March of 2018, management gathers the following information. " The company's single product is purchased for $30 per unit and resold for $60 per unit. The expected inventory level of 5,250 units on December 31, 2017, is more than management's desired level, which is 20% of the next month's expected sales (in units). Expected sales are: January. 7.250 units; February. 8,500 units: March, 11,250 units; and April, 10,000 units. b. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 61% is collected in the first month after the month of sale and 39% in the second month after the month of sale. For the December 31, 2017, accounts receivable balance, $130,000 is collected in January and the remaining $390,000 is collected in February c. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2017, accounts payable balance, $60,000 is paid in January and the remaining $290,000 is paid in February d. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $72,000 per year. e. General and administrative salaries are $132,000 per year. Maintenance expense equals $2.100 per month and is paid in cash. f. Equipment reported in the December 31, 2017, balance sheet was purchased in January 2017. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $40,800; February, $96,000; and March, $24,000. This equipment will be depreciated under the straight line method over eight years with no salvage value. A full month's depreciation is taken for the month in which equipment is purchased. g. The company plans to buy land at the end of March at a cost of $155,000, which will be paid with cash on the last day of the month. h" The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $48,000 at the end of each month i. The income tax rate for the company is 39%. Income taxes on the first quarter's income will not be paid until April 15 Required Prepare a master budget for each of the first three months of 2018; include the following component budgets: 1. Monthly sales budgets. 2. Monthly merchandise purchases budgets 3. Monthly selling expense budgets. 4. Monthly general and administrative expense budgets. 5. Monthly capital expenditures budgets 6. Monthly cash budgets 7. Budgeted income statement for the entire first quarter (not for each month) 8. Budgeted balance sheet as of March 31, 2018 Complete this question by entering your answers in the tabs below Required 6 Calc Required 6 Cash Bud Required 1 Required 2 Required 3 Required 4 Required 5 Required 7 Required 8 Monthly sales budgets DIMSDALE SPORTS CO Sales Budget For January, February, and March 2018 Budgeted Unit BudgetedBudgeted Total Unit Price Sales Dollars January February March Totals for the quarter Required 1 Required 2 Required 3 Required 4 Required 5 Monthly merchandise purchases budgets Required 6 Calc Required 6 Cash Bud Required 7 Required 8 DIMSDALE SPORTS CO Merchandise Purchases Budget January, February, and 2018 February Janua March Next month's budgeted sales (units) Ratio of inventory to future sales 8,500 20% 11,250 20% 10,000 Beginning inventory (units) Budgeted ending inventory (units) Budgeted units sales for month Required units of available merchandise Units to be purchased Required 1 Required 2 Required 3 Required 4 Required5 Required 7 Required 8 Calc Cash Bud Monthly selling expense budgets DIMSDALE SPORTS COMPANY Selling Expense Budget January, February, and March 2018 January February March Sales commission percent Sales salaries Total budgeted selling expenses Budgeted sales Sales commissions Required 6 Calc Required 6 Cash Bud Required 1 Required 2 Required 3 Required 4 Required!5 Required 7 Required 8 Monthly general and administrative expense budgets January February March S 624,000 Equipment - beginning of month Equipment purchases Equipment - end of month Income tax expense Interest expense Maintenance expense Salaries expense Sales commissions expensee DIMSDALE SPORTS CO General and Administrative Expense Budget January, February, and March 2018 January February Required 6 Required 6 Required 7 Required 8 Required 1 Required 2 Required 3 Required 4Required 5 Calc Cash Bud Monthly capital expenditures budgets. DIMSDALE SPORTS COMPANY Capital Expenditures Bud January. February March 2018 February March Depreciation expense Equipment purchases Land purchase Total Required 6 Calc Required 6 Cash Bud Required 1 Required 2 Required 3 Required 4 Required 7 Required 8 Calculate the budgeted cash receipts and cash payments. (Negative values should be indicated with minus sign. Round your final answers to the nearest whole dollar.) Calculation of Cash receipts from customers January February March Sales in units Selling price per unit Total budgeted sales Cash sales Sales on credit 25% Collected in March 31 Total March Receivable Accounts Receivable January 1 S 520,000 S 130,000S390,000 Credit sales from: January February March Total collection of receivables Total cash receipts from customers January February March Collections of receivables Calculation of payments for merchandise January February March Desired ending inventory (units) Budgeted sales in units Total units required Beginning inventory (units) Number of units to be purchased Cost per unit Total cost of purchases Paid in March 31 TotalJanuary February March Payable $350,000$ 60,000 290,000 Accounts Payable - January 1 Merchandise purchases in: January February March 0 Total cash paid for merchandise $ 60,000S 290,000S Complete this question by entering your answers in the tabs below. Required 6 Required 6 Required 7 Required 8 Required 1 Required 2 Required 3 Required 4 Required5 Calc Cash Bud Monthly cash budgets. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) DIMSDALE SPORTS CO Cash Budget January. Februa d March 2018 Additional loan (loan repayment) Cash receipts from customers General & administrative salaries Interest on bank loan Maintenance expense January February March Beginning cash balance Total cash available Cash payments for: Merchandise Purchase of land Purchases of equipment Rent Sales commissions Sales salaries Shipping laxes bavable Total cash payments Preliminary cash balance Ending cash balance Loan balance January February March Loan balance Beginning of month Additional loan (loan repayment) Loan balance End of month Required 6 Calc Required 6 Cash Bud Required 1 Required 2 Required 3 Required 4 Required 5 Required 7 Required 8 Budgeted income statement for the entire first quarter (not for each month). (Round your final answers to the nearest whole dollar.) DIMSDALE SPORTS CO Accounts payable Accounts receivable Accumulated depreciation Advertising expense Bank loan payable Cash Common stock Cost of goods sold Depreciation expense Equipment General administrative salaries Income tax expense Income taxes payable Interest expense Inventory Maintenance expense Rent expense Retained earnings Salaries payable Budgeted Income Statemen For Three Months Ended M 31, 2018 Operating expenses Total operating expenses sales Sales commissions expensee Sales salaries expense Required 6 Reg Required 6 Cash Bud Required 1 Required 2 Required 3 Required 4 Required5 Required 7 Required 8 Calc Budgeted balance sheet as of March 31, 2018. (Round your final answers to the nearest whole dollar.) Accounts payable Accounts receivable Accumulated depreciation Bank loan interest expense Bank loan payable DIMSDALE SPORTS CO Budgeted Balance Sheet March 31, 2018 Assets Cash Common stock Cost of goods sold Depreciation expense Equipment Total current assets Equipment, net Total assets Liabilities and Equity Liabilities Income tax expense Income taxes payable Land Merchandise Inventory Other cash expenses Bank loan payable Retained earnings Salaries expense Salaries payable Sales Total liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Equity