Rumi's kitchen Company provides security merchandizes. It employs five security specialists. Each specialist works an average of 150 hours a month. The companys controller has compiled the information relating to the actual data of November and December 2020 and budgeted data of January to April of 2021: Details Nov ($) Dec ($) Jan ($) Feb ($) Mar ($) Apr ($) Sales 31000 35900 . 25800 21900 31000 32000 Purchases 2630 . 3780 2520 .. 2030 3020 2930 Selling expenses. 11700 12700 .. 9500 . 8100 .. 10300 9700 Service overhead... 3100 .. 3700 3100 .. 2700 .. 3300 3700 >>>> 60 % of the Sales are cash sales collected during the month of sale; 30% are collected in the first month following the sale and the rest collected in the second month following the sale. Purchases of supplies are paid for in the month following purchase. Selling expenses and service overhead are paid one-month in advance. >>>> Income taxes of $5000 for last calendar year are due and payable on March 15. The five security specialists each earn $9.0 an hour. It expects its cash balance on December 31 to be $14000. On January 1, the company will take a 5-month bank loan of $20000 at a 13% annual interest rate. Interest is to be paid monthly, and $2000 of the loan principal is due on February 28. Prepare quarterly (a) cash collection schedule and (b) cash budget for ABC Company for the three month period ended March 31, 2021.

Jan ($) Feb ($) Mar ($) Quarter ($) Jan ($) Feb ($) Mar ($) Quarter ($) numeric response numeric response (a) Expected Cash Collection Schedule text response text response text response text response text response text response text response text response text response text response text response text response text response text response Total Cash Collections numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response (b) Cash Budget Details text response text response text response text response text response text response text response text response text response text response text response text response text response text response text response Ending Cash Balance Jan ($) numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response Feb ($) numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response Mar ($) numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response Quarter ($) numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response numeric response