please state the answers in formulas (ex. =B7-C7)

1. Prepare a sales budget, including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials 3. Prepare a cash budget All answers must be entered as a formula. Click OK to begin. OK ect Savu E A1 B D E . $3,200 $14,000 $2,000 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $10,000 $11,500 $0 $0 32 36 33 The company has a line of credit available to bolster the cash balance as needed. 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March 39 2. Schedule of expected cash disbursements for inventory purchases for March 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that 41 any interest will not be paid until the following month. 40 42 43 44 45 Budget Data Schedules and Cash Budget 100% E E READY Clipboard Font Styles B D E * 4 A 1 Expected cash collections: 2 March cash collections 3 March collections on account: January sales 5 February sales 6 March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 14 S&P Enterprises Cash Budget 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses Budget Data Schedules and Cash Budget 15 E READY Attempts) 100% Hint A1 X to Expected cash collections: B c D E A 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Preliminary cash balance 29 Financing: 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 Budget Data Schedules and Cash Budget E READY BE LI 100% Attemptis Elin