Soss Company has provided the following budget infomation for the first quarier of 2018: Additional data related to the first quarter of 201 s for Sosa Compafiy (Cick the icon to viow the budget inlormation) (Cick the icon fo view the data) Read the requrements. Requirement 1. Prepare Sosa Company's schedule of cash receigts from customers and schedule of cash payments for the frat quarter of 2018 Begin by preparing the schedule of cash receipts from customers for the first euarter of 2018. Caeh Rarainte fram Customers Data table Additional data related to the first quarter of 2018 for Sosa Company: (Click the icon to view the data.) Read the requirements. Requirements 1. Prepare Sosa Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. 2. Prepare Sosa Company's cash budget for the first quarter of 2018 . More info Capital expenditures include $37,000 for new manufacturing equipment to be a. purchased and paid in the first quarter. Cash receipts are 65% of sales in the quarter of the sale and 35% in the b. quarter following the sale. Direct materials purchases are paid 50% in the quarter purchased and 50% in c. the next quarter. Direct labor, manufacturing overhead, and selling and administrative costs are d. paid in the quarter incurred. Income tax expense for the first quarter is projected at $46,000 and is paid in e. the quarter incurred. Sosa Company expects to have adequate cash funds and does not anticipate f. borrowing in the first quarter. The December 31, 2017, balance in Cash is $10,000, in Accounts Receivable g. is $26,200, and in Accounts Payable is $8,000