Skubas Inc., manufactures and sells snowboards Siaubas manufactures a single model the Pipex In late 2020, Skuba's management accountant gathered the following data to prepare budgets for January 2001 (Click the icon to view the budgeted balances and add bonal mormation pertaining to the cash budge Click the icon to view the additional variable and food manufacturing cost information) (Click the icon to now the materials and labor requirements, the direct materials inventures, and additonal inventory information.) Click the icon to view the flowing selected January 2001 budgets: Revenue Drect material purchases, Direct manufacturing labor cost, Vanable manufacturing overhead and Ending inventory.1 Read the rocuremen Requirement 1. Prepare a cash budget for January 2021. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for fixed menulacuring and operating (ommenufacturing) over Begar by preparing the supporting schedule for the calculation of collection of receivaties Schedule of Cash Collections From December 2020 s Tmm January 2021 s Total collections 1,200,000 325,000 Data table 1,035,000 Next prepare the supporting schedule for the payments of accounts payable Budgeted balances at January 31, 2021 arasolows: Schedule of Cash Payments for Accounts Payable Tim December 2020 pumbeses From January 2021 purchases Jels cash payments for accounts payable Help me solve this Calculator Ask my instructor Casti Accounts recevable Requirements 1. 2 ? 2 Inventory Property, plant, and equipment (not) $ 053.000 Accounts payable ? 3. Long b 181,000 4. Y Stockholders' equity Selected budgeted information for December 2000 Cash balance December 31, 2000 $ 13000 Budged 1,720 000 670.000 Budged my Customer invoices are payable within 30 days. From past experience, Skubee's Print Done Prepare a cash budget for January 2021 Show supporting schedules for de caculation of colection of receivables and payments of accounts payable, and for disbursements for flead man facing and operating (omenuletur ngt over Skuters interested in maintaining a minimum cash belance of $160,000 the end of each month WI Sabes be in a position to pay the $140.000 dreidend on January $19 Why do Skuba's managers prepare a cash budget in addman to the revenue, AXDANSAS, and operating income hudget? Prepare a budged balance sheet for January 31, 2021 by calculating the January 31, 2021 balances in (a) cash (b) sccounts receivable (c) inventory (d) accounts payable and (e) plugging in the balance for stockholders cquity Print Done X Clear all Check answ