1. Prepare a quarterly schedule of cash receipts budget for PEPSI Company for the year ended December 31, 2021, including the following schedules:
   1. Sales Budget (ALREADY DONE) & Schedule of Cash Receipts (NEED HELP WITH THIS)

			Pepsi Company
			Sales Budget
		For Year ended December 31,2021
	Q1	Q2	Q3	Q4	Total
Budgeted Sales in units	4,500	16,500	6,000	3,000	30,000
Selling Price per unit	$290	$290.00	$290.00	$290.00	$290
Total budgeted sales	$1,305,000	$4,785,000.00	$1,740,000.00	$870,000.00	$8,700,000

Relevant Info

1. Dougs sales forecast consisted of these few lines:
2. For the year ended December 31, 2020: 26,000 units at $290.00 eac
3. For the year ended December 31, 2021: 30,000 units at $290.00 each
4. For the year ended December 31, 2022: 33,000 units at $290.00 each

History has shown that sales are seasonal, with 55% of sales occurring in the second quarter, 20% in the third quarter, 15% in the first quarter, and the remaining 10% in the last quarter.

Sales are on a cash and credit basis, with 40% collected in cash. 60% of Credit sales are collected during the quarter of the sale, and 36% of credit sales are collected in the following quarter. The remainder are uncollectible.

	Cash				$ 97,625
	Accounts receivable				162,864
	Inventory-raw materials				76,950
	Inventory-finished goods (450 units)				106,142
	Prepaid insurance				45,000
	Prepaid prop. tax				16,000
	Capital assets		$1,695,000
	Less: Acc. Dep.		820,000		875,000
					$ 1,379,581
	Accounts payable				$ 58,077
	Income tax payable				32,500
	Capital stock				800,000
	Retained earnings				489,004
					$ 1,379,581

Will provide more info if needed. Thanks