The Info for the question is the first 3 Pics. The last 4 pics are spread sheets that need to be filled out. Of the four the 2nd and 3rd one are filled out but have a few wrong answers. The 1st and 4th one I was able to get the labels right for you but need help filling out the numerical values.

Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2019 and reports a balance sheet at December 31, 2018 as follows: $ 46,289 260,000 11,250 32,25e $ 349,789 Endless Mountain Company Balance Sheet December 31, 2018 Assets Current assets: Cash Accounts receivable (net) Raw materials inventory (4,5ee yards) Finished goods inventory (1,500 units) Total current assets Plant and equipment: Buildings and equipment Accumulated depreciation Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity 900,000 (292,000) 608,000 $957,200 5158,000 $ 419,800 279.900 799,700 $957, 700 The company's chlef financial officer (CFO). In consultation with various managers across the organization has developed Preu 2 of 2 Next > The company's chief financial officer (CFO), in consultation with various managers across the organization has developed the following set of assumptions to help create the 2019 budget: 1. The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25.000 units for quarters 1-4, respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of 2020 is 13.000 units. 2. All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter. 3. Each quarter's ending finished goods inventory should equal 15% of the next quarter's unit sales. 4. Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter's ending raw materials inventory should equal 10% of the next quarter's production needs. The estimated ending raw materials inventory on December 31, 2019 is 5,000 yards. 5. Seventy percent of each quarter's purchases are paid for in the quarter of purchase. The remaining 30% of each quarter's purchases are paid in the following quarter. 6. Direct laborers are paid $18 an hour and each unit of finished goods requires 0.25 direct labor-hours to complete. All direct labor costs are paid in the quarter incurred. 7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed manufacturing overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred. 8. The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25.000). executive salaries ($64,000), insurance ($12.000). property tax ($8,000). and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation) are paid in the quarter incurred. 9. The company plans to maintain a minimum cash balance at the end of each quarter of $30.000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company's lender imposes a simple interest rate of 3% per quarter on any borrowings. 10. Dividends of $15.000 will be declared and paid in each quarter. 11. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the "first-out" to production and the most recently completed finisned goods are the first-out to customers Return to que Required: The company's CFO has asked you to prepare the 2019 master budget. To fulfill this request, prepare the following budget schedules and financial statements 1. Quarterly sales budget including a schedule of expected cash collections. 2. Quarterly production budget. 3. Quarterly direct materials budget including a schedule of expected cash disbursements for purchases of materials. 4. Quarterly direct labor budget. 5. Quarterly manufacturing overhead budget. 6. Ending finished goods inventory budget at December 31, 2019. 7. Quarterly selling and administrative expense budget. 8. Quarterly cash budget. 9. Income statement for the year ended December 31, 2019 10. Balance sheet at December 31, 2019 Required information of 2 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the ending finished goods inventory budget at December 31, 2019. (Round your answers to 2 decimal places.) Endless Mountain Company Ending Finished Goods Inventory Budget (absorption costing basis) For the Year Ended December 31, 2019 Item Quantity Cost Total Production cost per unit: Direct materials yards per yard Direct labor per hours hour Manufacturing overhead per hours Unit product oost $ 0.00 hour Budgeted finished goods inventory: Units from prior year's production Unit product cost Cost from prior year's production Units from current year's production Unit product cost Cost from current year's production Cost of ending finished goods inventory S 0 Prey 2 of Required information orz Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly cash budget. (Round final answers to the nearest whole dollar value.) Endless Mountain Company Cash Budget For the Year Ended December 31, 2019 Quarter 1 2 3 4 Year Beginning cash balance $ 46.200$ 30,001 244,650S 314,338 $ 45,200 Add cash receipts Collection from customers 548,000 984.000 650,000 720,000 2.000.000 Total cash available 504.200 1,014,001 900.650 1,034.338 2.954.200 Less cash disbursements: Direct materials 291,287 292,176 220.937 218.054 1.028,453 Direct labor 72.225 151.650 74.260 104,400 402.625 Manufacturing overhead 142.038 165,275 142.375 147.400 587.088 Selling and administrative 124,000 165.250 127.760 140.250 547,250 Dividends 15.000 15.000 15.000 15.000 80,000 Total cash disbursements 044.550 789.351 586.312 625, 104 2.625,316 Excess or deficiency) of cash available over (50.350) 244,850 314,338 disbursements 400.234 328.884 Financing Borrowings (at the beginnings of quarters) 80 360 80.350 Repayment (at end of the year) 89.992 88.992 Interest rat 3% per quarter 2.411 8 2.4113 2.4118 2.411 9.842 Total financing 82.761 2.41 2.411 92.403 (19.284) Ending cash balance S 32 411 $ 242.230 IS 311,027 S 316,831 $ 309,000 Rres 2 of 2 Next > he harsta INTERNAAMAANAAA MAMA in Required information 9. Income statement for the year ended December 31, 2019. 10. Balance sheet at December 31, 2019 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B Required 9 Required 10 Prepare the income statement for the year ended December 31, 2019. (Round final answers to the nearest whole dollar value.) Endless Mountain Company Budgeted Income Statement For the Year Ended December 31, 2019 (Absorption costing basis) Sales IS 2,848.000 Cost of goods sold 2.098,088 Gross margin 749,034 Selling and administrative expenses 579,250 Net operating income 170.684 Interest expense 9,642 Net income $ 161,042 1 Part 1 of 2 225 points Required information Prepare the balance sheet at December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) Endless Mountain Company Budgetid Balance Sheet December 31, 2019 Assets Current assets: Accounts receivable Cash Finished goods inventory Raw materials inventory OOO 0 Total current assets Plant and equipment Accumulated depreciation Buildings and equipment 0 0 S Plant and equipment net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders' equity Common stock, no par Retained earnings Total stockholders' equity Total abilities and stockholders egy 0 0 S The company's chief financial officer (CFO), in consultation with various managers across the organization has developed the following set of assumptions to help create the 2019 budget: 1. The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25.000 units for quarters 1-4, respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of 2020 is 13.000 units. 2. All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter. 3. Each quarter's ending finished goods inventory should equal 15% of the next quarter's unit sales. 4. Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter's ending raw materials inventory should equal 10% of the next quarter's production needs. The estimated ending raw materials inventory on December 31, 2019 is 5,000 yards. 5. Seventy percent of each quarter's purchases are paid for in the quarter of purchase. The remaining 30% of each quarter's purchases are paid in the following quarter. 6. Direct laborers are paid $18 an hour and each unit of finished goods requires 0.25 direct labor-hours to complete. All direct labor costs are paid in the quarter incurred. 7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed manufacturing overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred. 8. The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25.000). executive salaries ($64,000), insurance ($12.000). property tax ($8,000). and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation) are paid in the quarter incurred. 9. The company plans to maintain a minimum cash balance at the end of each quarter of $30.000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company's lender imposes a simple interest rate of 3% per quarter on any borrowings. 10. Dividends of $15.000 will be declared and paid in each quarter. 11. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the "first-out" to production and the most recently completed finisned goods are the first-out to customers Return to que Required: The company's CFO has asked you to prepare the 2019 master budget. To fulfill this request, prepare the following budget schedules and financial statements 1. Quarterly sales budget including a schedule of expected cash collections. 2. Quarterly production budget. 3. Quarterly direct materials budget including a schedule of expected cash disbursements for purchases of materials. 4. Quarterly direct labor budget. 5. Quarterly manufacturing overhead budget. 6. Ending finished goods inventory budget at December 31, 2019. 7. Quarterly selling and administrative expense budget. 8. Quarterly cash budget. 9. Income statement for the year ended December 31, 2019 10. Balance sheet at December 31, 2019 Required information of 2 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the ending finished goods inventory budget at December 31, 2019. (Round your answers to 2 decimal places.) Endless Mountain Company Ending Finished Goods Inventory Budget (absorption costing basis) For the Year Ended December 31, 2019 Item Quantity Cost Total Production cost per unit: Direct materials yards per yard Direct labor per hours hour Manufacturing overhead per hours Unit product oost $ 0.00 hour Budgeted finished goods inventory: Units from prior year's production Unit product cost Cost from prior year's production Units from current year's production Unit product cost Cost from current year's production Cost of ending finished goods inventory S 0 Prey 2 of Required information orz Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly cash budget. (Round final answers to the nearest whole dollar value.) Endless Mountain Company Cash Budget For the Year Ended December 31, 2019 Quarter 1 2 3 4 Year Beginning cash balance $ 46.200$ 30,001 244,650S 314,338 $ 45,200 Add cash receipts Collection from customers 548,000 984.000 650,000 720,000 2.000.000 Total cash available 504.200 1,014,001 900.650 1,034.338 2.954.200 Less cash disbursements: Direct materials 291,287 292,176 220.937 218.054 1.028,453 Direct labor 72.225 151.650 74.260 104,400 402.625 Manufacturing overhead 142.038 165,275 142.375 147.400 587.088 Selling and administrative 124,000 165.250 127.760 140.250 547,250 Dividends 15.000 15.000 15.000 15.000 80,000 Total cash disbursements 044.550 789.351 586.312 625, 104 2.625,316 Excess or deficiency) of cash available over (50.350) 244,850 314,338 disbursements 400.234 328.884 Financing Borrowings (at the beginnings of quarters) 80 360 80.350 Repayment (at end of the year) 89.992 88.992 Interest rat 3% per quarter 2.411 8 2.4113 2.4118 2.411 9.842 Total financing 82.761 2.41 2.411 92.403 (19.284) Ending cash balance S 32 411 $ 242.230 IS 311,027 S 316,831 $ 309,000 Rres 2 of 2 Next > he harsta INTERNAAMAANAAA MAMA in Required information 9. Income statement for the year ended December 31, 2019. 10. Balance sheet at December 31, 2019 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B Required 9 Required 10 Prepare the income statement for the year ended December 31, 2019. (Round final answers to the nearest whole dollar value.) Endless Mountain Company Budgeted Income Statement For the Year Ended December 31, 2019 (Absorption costing basis) Sales IS 2,848.000 Cost of goods sold 2.098,088 Gross margin 749,034 Selling and administrative expenses 579,250 Net operating income 170.684 Interest expense 9,642 Net income $ 161,042 1 Part 1 of 2 225 points Required information Prepare the balance sheet at December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) Endless Mountain Company Budgetid Balance Sheet December 31, 2019 Assets Current assets: Accounts receivable Cash Finished goods inventory Raw materials inventory OOO 0 Total current assets Plant and equipment Accumulated depreciation Buildings and equipment 0 0 S Plant and equipment net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders' equity Common stock, no par Retained earnings Total stockholders' equity Total abilities and stockholders egy 0 0 S