Show work. Just do 4 and 5There are some cells missing for 4 and 5, i'm not sure what to fill in.

Hillyard Company, an office supplies specialty stare, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter 10 poits a. As of December 31 (the end of the prior quarten, the company's general edger showed the following account baiances: Cash Accounts receivable Inventory Buildings and equipnent (net) Accounts parable Conmon stock Retained earnings $48, 000 224. 000 60, 000 370.00093, 000 eBook Print 500, 000 702.000 $ 702.000 Roferences b. Actual sales for December and budgeted sales for the next four months are as follows $ 280, 000 S 400, 000 $ 600,000 300,000 s 200, 000 Decenber (aetual February Mareh April c. Sales are 20% for cash and 80% on credit. A. payments on credit sales are collected in the month folowing sale. The accounts recelvable at December 31 are a result of December credit sales d. The company's gross margin is 40% of sales (in other words, cost e. Monthly expenses are budgeted as follows: salaries and wages, $ of goods sold is 60% of sales) 2700 per month advertising $70,000 per month, shipping, 5% red during the quarter, will be of sales, other expenses 3% of sales. Depreciation, including depreciation on new assets accu $42,000 for the quarter Each month's ending inventory should equal 25% of the folowing month's cost of goods sold f. g One-half of a month's inventory pur rchases is pald for in the month of purchase, the other half is paid in the following month. wll purchase a new copy machine for $1700 cash. During March, other equipment will be purchased Prev 1 of 3 Next