see this qustion

f. Land purchases of $75,000 will be made in the second quarter, and purchases of $48,000 will be made in the third quarter. These purchases will be for cash. g. The Cash account contained $10,000 at the end of the current year. The treasurer feels that this represents a minimum balance that must be maintained. h. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each quarter, up to a total loan balance of $100,000. The interest rate on these loans is 2.5% per quarter and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the year. i. At present, the company has no loans outstanding. Required: 1. Prepare the following by quarter and in total for next year: a. A schedule of expected cash collections. b. A schedule of expected cash disbursements for merchandise purchases. 2. Compute the expected cash disbursements for selling and administrative expenses, by quarter and in total, for next year. 3. Prepare a cash budget, by quarter and in total, for next year.