TBA, Inc., manufactures and sells concrete block for residential and commercial building. TBA expects to sell the following in 20x1: TBA expects the following unit sales and desired ending inventory in 20x1: Inventory on both January 1, 20x1, and January 1, 20x2, is expected to be 100,000 blocks. Each block requires 26 pounds of raw materials (a mixture of cement, sand, gravel, shale, pumice, and water). TBA's raw materials inventory policy is to have 5 million pounds in ending inventory for the third and fourth quarters and 8 million pounds in ending inventory for the first and second quarters. Thus, desired direct materials inventory on both January 1, 20x1, and January 1, 20x2, is 5,000,000 pounds of materials. Each pound of raw materials costs $0.01. Each block requires 0.015 direct labor hour; direct labor is paid $14 per direct labor hour. Variable overhead is $8 per direct labor hour. Fixed overhead is budgeted at $320,000 per quarter ($100,000 for supervision, $200,000 for depreciation, and $20,000 for rent). TBA also provided the information that beginning finished goods inventory is $55,000; and the ending finished goods inventory budget for ABT for the year $67,000. TBA's only variable marketing expense is a $0.05 commission per unit (block) sold. Fixed marketing expenses for each quarter include the following: Advertising expense is $10,000 in Quarters 1, 3, and 4. However, at the beginning of the summer building season, TBA increases advertising; in Quarter 2, advertising expense is $15,000. TBA has no variable administrative expense. Fixed administrative expenses for each quarter include the following: Income taxes are paid at the rate of 30 percent of operating income. Of the sales on account, 70 percent are collected in the quarter of sale; the remaining 30 percent are collected in the quarter following the sale. Total sales for the fourth quarter of 20x0 totaled $2,000,000. All materials are purchased on account; 80 percent of purchases are paid for in the quarter of purchase. The remaining 20 percent are paid in the following quarter. The purchases for the fourth quarter of 20x0 were $500,000. TBA requires a $100,000 minimum cash balance for the end of each quarter. On December 31, 20x0, the cash balance was $120,000. Money can be borrowed and repaid in multiples of $100,000. Interest is 12 percent per year. Interest payments are made only for the amount of the principal being repaid. All borrowing takes place at the beginning of a quarter, and all repayment takes place at the end of a quarter. Budgeted depreciation is $200,000 per quarter for overhead, $5,000 for marketing expense, and $12,000 for administrative expense. (Remember that depreciation is not a cash expense and must be deleted from total expenses before the cash budget is prepared.) The capital budget for 20x1 revealed plans to purchase additional equipment for $600,000 in the first quarter. The acquisition will be financed with operating cash, supplementing it with short-term loans as necessary. Corporate income taxes of $20,700 will be paid at the end of the fourth quarter. The balance sheet for the beginning of the year is given: REQUIREMENTS (to be completed using Excel)

9 Construct a budgeted income statement for the coming year. 10. Construct a cash receipts budget for each quarter of the coming year. 11. Construct a cash payments budget each quarter of the coming year. 12. Prepare a cash budget for each quarter of the coming year. 13. Prepare the Budgeted Balance Sheet for the coming year

thats all the information i have so far. thats why i need help.

$ 525,000 ABT, Inc. Balance Sheet December 31, 20x0 Assets Current assets: Cash $ 120,000 Accounts receivable.............. 300,000 Materials inventory.............. 50,000 Finished goods inventory ........ 55,000 Total current assets........ Property, plant, and equipment (PP&E): Land ............... $ 2,500,000 Buildings and equipment. 9,000,000 Accumulated depreciation......... (4,500,000) Total PP&E.. Total assets..... Liabilities and Stockholders' Equity Current liabilities: Accounts payable. Stockholders' equity: Common stock, no par ... $ 600,000 Retained earnings .. 6,825,000 Total stockholders' equity .... Total liabilities and stockholders' equity ......... 7,000,000 $7,525,000 $ 100,000 7,425,000 $7,525,000 Quarter TBA Inc., Sales Budget For the Year Ended Decemeber 31, 20x1 Unit Sales Unit Selling Volume Price Totals 2,000,000 $0.70 $1,400,000.00 6,000,000 $0.70 $4,200,000.00 6,000,000 $0.80 $4,800,000.00 2,000,000 $0.80 $1,600,000.00 16,000,000 $3.00 $12,000,000.00 1 Q4 Year Total Q1 Q2 Expected Units to be sold Desired Ending Inventory Total Units Available Estimated Beginning Inventory Total Units to be Produced TBA, Inc. Production Budget For the Year Ended 20x1 Q3 2,000,000.00 6,000,000.00 6,000,000.00 500,000.00 500.000,00 100,000.00 2,500,000.00 6,500,000.00 6,100,000.00 (100,000.00) (500,000.00 (500,000.00 2,400,000.00 6,000,000,00 5,600,000.00 Q4 2,000,000.00 100,000.00 2.100,000.00 (100,000.00) 2,000,000.00 Year Total 16,000,000.00 1,200,000.00 17.200.000,00 (1,200,000.00) 16,000,000.00 TBA, Inc. Direct Materials Purchases Budget For the Year Ended 20x1 Direct Materials: 01 02 03 04 Total: Lbs required for production (Blocks): Raw Materials required (Note A): 62,400,000.00 156,000,000.00 145,600,000.00 52,000,000.00 416,000,000.00 Desired Inventory, End of Quarter 8,000,000.00 8,000,000,00 5,000,000.00 5,000,000.00 26,000,000.00 Total Lbs available 70,400,000.00 164,000,000.00 150,600,000.00 57,000,000.00 442,000,000.00 Est. Inventory, Beg. of Quarter (500,000.00) (500,000.00) (100,000,00) (100,000,00) (1,200,000.00) Total Lbs to be purchased 69,900,000.00 163,500,000.00 150,500,000.00 56,900,000.00 440,800,000.00 Unit Price/Lb .$0.01 $0.01 $0.01 $0.01 $ 0.01 Total DM to be purchased $ 699,000.00 $1,635,000.00 $ 1,505,000.00 $ 569,000.00 $4,408,000.00 Note A Q1: Q2 Q3: Q4 2,400,000.00 X 26 Lb's - 6,000,000.00 X 26 Lb's = 5,600,000.00 X 26 Lb's - 2,000,000.00 X 26 Lb's 62,400,000 156,000,000 145,600,000 52,000,000 TBA, Inc. Direct Labor Cost Budget For the Year Ended 20x1 Q2 Q3 Q1 Q4 JI Hours required for production: Concrete Block (Note A): Hourly Rate: Total Direct Labor Cost: 36,000.00 90,000.00 84,000.00 14.00 $ 14.00 $ 14.00 $ 504,000.00 $1,260,000.00 $ 1,176,000.00 30,000.00 $ 14.00 $ 420,000.00 240,000 $ 14.0 $3,360,000.0 Note A Q1: Q2: Q3: Q4: 2,400,000.00 X 0.015 dih= 6,000,000.00 X 0.015 din 5,600,000.00 X 0.015 dih= 2,000,000.00 X 0.015 dih 36,000.00 90,000.00 84,000.00 30,000.00 A / TBA, Inc. .. Factory Overhead Budget For the Year Ended 20x1 Q2 Q3 Q4 Y ear Total 288,000 $ 720,000 $ 672,000 $ 288,000 $ 1.968,000 Q1 Variable OH: DL FO $ Fixed OH: Supervision $ Depreciation $ Rent $ Total Fixed OH S Total OH $ 100,000 $ 200,000 $ 20,000 $ 320,000 $ 608,000 $ 100,000 $ 200,000 $ 20,000 $ 320,000 $ 1,040,000 $ 100,000 $ 200,000 $ 20,000 $ 320,000 $ 992,000 $ 100,000 $ 200,000 $ 20,000 $ 320,000 $ 608,000 $ 400,000 800,000 80,000 1,280,000 3,248,000 Note : DLHX VDL OH Rate DL FO 36,000 $ 8 $ 288,000 90,000 $ 8 $ 720,000 84,000 $ 8 $ 672,000 36,000 $ 288,000 CO COCO $ 55,000.00 TBA, Inc. Cost of Goods Sold Budget For the Year Ending December 31, 20x1 Finished Goods Inventory, January 20x1 Work in Process Inventory, January 20x1 Direct Materials: Direct Materials Inventory January 1, 20x1 $ 260,000.00 Direct Material Purchases $ 4,408,000.00 Cost of direct Materials available for use $4,668,000.00 Direct Materials Inventory December 31, 20x1 $ (260,000.00) Cost of Direct Materials Placed in production $4,408,000.00 Direct Labor $3,360,000.00 Factor Overhead $3,248,000,00 Total Manufacturing Costs $ 11,016,000.00 Total Work in Process during period Work in Process inventory, December 31, 20x1 Cost of Goods Manufactured Cost of finished Goods available for sale Finished Goods Inventory, December 31, 20x1 Cost of Goods Sold $ 67,000.00