Q)give the sales budget, production budget, direct material budget, direct labor budget, manufacturing overhead budget, selling and adminstrative expense budget schedule of expected collection for customers, schedule of expected cash payments for purchase, and cash budget?

please answer like the answers in the picture below as its more understandable this way!

Waterways Corporation is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. 112,000 103.000 112.000 Sales Unit sales for November 2021 Unit sales for December 2021 Expected unit sales for January 2022 Expected unit sales for February 2022 Expected unit sales for March 2022 Expected unit sales for April 2022 Expected unit sales for May 2022 Unit selling price 111,000 117,000 125,000 138,000 $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $185,400, Direct Materials Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2021 totaled 11,190 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2021, totaled $120,595. Direct Labor Labor requires 12 minutes per unit for completion and is paid at a rate of $6 per hour. Manufacturing Overhead Indirect materials 30 Indirect labor per labor hour 500 per labor hour Utilities 40 per labor hour Maintenance 20c per labor hour Salarles $41,000 per month Depreciation $16,600 per month Property taxes $2.500 per month Insurance $1.100 per month Maintenance $1,200 per month Selling and Administrative Variable selling and administrative cost per unit is $1.60. Advertising $14,000 a month Insurance $1,200 a month Salaries $74,000 a month $2,600 a month Depreciation Other fixed costs $3,000 a month Other Information The Cash balance on December 31, 2021, totaled $102,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2022. Dividends are paid each month at the rate of $2.70 per share for 4,690 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 6% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $450,000 equipment purchase is planned for February Schedule of Expected Collections from Customers January February March Quarter Accounts Receivable, 12/31/2019 $181,800 $181,800 January sales $1,152,600 $203,400 $1,356,000 February sales $1,152,600 $203,400 $1,356,000 March sales $1,203,600 $1,203,600 Total cash collections $1,334,400 $1,356,000 $1,407,000 $4,097,400 March Schedule of Expected Cash Payments for Purchases January February Accounts payable, 12/31/2021 $120,595 January $90,420 $90,420 February $91,004 March Total payments $211,015 $181,424 $91,004 $95,148 $186,152 Quarter $120,595 $180,840 $182,008 $95,148 $578,591 WATERWAYS CORPORATION Cash Budget For the First Quarter of 2022 January February March Quarter Beginning Cash balance $103,000 $800,963 $962,827 $103,000 Add: Receipts Collections from customers $1,334,400 $1,356,000 $1,407,000 $4,097,400 Total Available Cash $1,437,400 $2,156,963 $2,369,827 $4,200,400 Less: Disbursements Direct Materials $211,015 $181,424 $186,152 $578,591 Direct Labor $135,600 $136,200 $142,320 $414,120 Manufacturing Overhead $83,260 $83,420 $85,052 $251,732 Excluding depreciation Selling and Administrative $248,200 $248,200 $255,200 $751,600 Excluding depreciation Dividends $11,362 $11,3621 $11,362 $34,086 4,940*$2.30 Equipment Purchase $480,000 $480,000 Total Disbursements $689,437 $1,140,606 $680,086 $2,510,129 Excess (Deficiency )of Available Cash over Cash disbursements $747,963 $1,016,357 $1,689,741 $1,690,271 Financing Add: Borrowings $53,000 $53,000 Less: Repayments -$53,000 -$53,000 Interest -$530 -$530 Ending Cash balance $800,963 $962,827 $1,689,741 $1,689,741 Working for interest paid: Interest on borrowing = $53,000*6%/12 months - 2 months