The Trenton Toy Company manufactures toy building block sets for children Trenton is planning for 2019 by developing a master budget by quarters. Trenton" December 31, 2018, follows Click the icon to view the balance sheet) Other budget data for Trenton Toy Company (Click the icon to view the other data) Read the requirements v Prepare the cash receipts budget (If an input field is not used in the table leave the input field empty, do not enter a zero.) Review the sales budget you. Berated above. Cash Receipts from Customers First Second Third Fourth Quarter Quarter Quarter Quarter Total Total sales $ 91.000 $ 98,000 $ 105.000 S 112,000 5 406,000 First Second Third Fourth Quarter Quarter Quarter Quarter Total Etext pages Calculator Ask my instructor Clear all Previous tion O3R Pa ninetian 4 Com A 4 leimilar poir More info - X 's bal Tormer COSES, SUUTS Umes, insurancu, u property taxes i. Fixed selling and administrative expenses include 510,000 per quarter for salaries, 55,100 per quarter for rent 5450 per quarter for insurance, and $2,000 per quarter for depreciation j. Variable selling and administrative expenses include supplies at 2% of sales. k Capital expenditures include 515,000 for new manufacturing equipment, to be purchased and paid for in the first quarter 1. Cash receipts for sales on account are 50% in the quarter of the sale and 50% in the quarter following the sale, Accounts Receivable balance on December 31, 2018, is expected to be received in the first quarter of 2019, uncollectible accounts are considered insignificant and not considered for budgeting purposes m. Direct materials purchases are paid 90% in the quarter purchased and 10% in the following quarter, Accounts Payable balance on December 31, 2018, is expected to be paid in the first quarter of 2019 n. Direct labor, manufacturing overhead, are selling and administrative costs are paid in the quarter incurred o. Income tax expense is projected at $3,500 per quarter and is paid in the quarter incurred P. Trenton desires to maintain a minimum cash balance of 530,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter, principal repayments are made at the honinning of the quarter when excess funds are available and in increments of S1 non Print Done Paola Delgado instinn 1 CamA 4 Toimilar 7%, 0.37 of 1 point - X 7 of 1 Data table stol hrters. Trenton's balance sheet f thed any ..) December 31, 2018 Assets Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Totdi Current Assets Property, Plant, and Equipment Equipment Less Accumulated Depreciation Total Assets 15,000 55.000 1,050 5.100 anpl 76,150 boy 206,000 (39,000) $ 167,000 243,150 Print Done Abwe Clear all Fina iew the Trenton Hiew the Trenton Toy Company Sales Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter 1 300 1 400 1,500 1,600 5 70 5 70 5 70 $ 70 $ $ 91,000 $ 98,000 $ 105,000 $ 112.000 $ Total ipts budd bet your 4 Budgeted sets to be sold Sales price per unit Total sales 5,800 70 Custom 406.000 Print Done The Trenton Toy Company manufactures toy building block sets for children Trenton is planning for 2019 by developing a master budget by quarters. Trenton" December 31, 2018, follows Click the icon to view the balance sheet) Other budget data for Trenton Toy Company (Click the icon to view the other data) Read the requirements v Prepare the cash receipts budget (If an input field is not used in the table leave the input field empty, do not enter a zero.) Review the sales budget you. Berated above. Cash Receipts from Customers First Second Third Fourth Quarter Quarter Quarter Quarter Total Total sales $ 91.000 $ 98,000 $ 105.000 S 112,000 5 406,000 First Second Third Fourth Quarter Quarter Quarter Quarter Total Etext pages Calculator Ask my instructor Clear all Previous tion O3R Pa ninetian 4 Com A 4 leimilar poir More info - X 's bal Tormer COSES, SUUTS Umes, insurancu, u property taxes i. Fixed selling and administrative expenses include 510,000 per quarter for salaries, 55,100 per quarter for rent 5450 per quarter for insurance, and $2,000 per quarter for depreciation j. Variable selling and administrative expenses include supplies at 2% of sales. k Capital expenditures include 515,000 for new manufacturing equipment, to be purchased and paid for in the first quarter 1. Cash receipts for sales on account are 50% in the quarter of the sale and 50% in the quarter following the sale, Accounts Receivable balance on December 31, 2018, is expected to be received in the first quarter of 2019, uncollectible accounts are considered insignificant and not considered for budgeting purposes m. Direct materials purchases are paid 90% in the quarter purchased and 10% in the following quarter, Accounts Payable balance on December 31, 2018, is expected to be paid in the first quarter of 2019 n. Direct labor, manufacturing overhead, are selling and administrative costs are paid in the quarter incurred o. Income tax expense is projected at $3,500 per quarter and is paid in the quarter incurred P. Trenton desires to maintain a minimum cash balance of 530,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter, principal repayments are made at the honinning of the quarter when excess funds are available and in increments of S1 non Print Done Paola Delgado instinn 1 CamA 4 Toimilar 7%, 0.37 of 1 point - X 7 of 1 Data table stol hrters. Trenton's balance sheet f thed any ..) December 31, 2018 Assets Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Totdi Current Assets Property, Plant, and Equipment Equipment Less Accumulated Depreciation Total Assets 15,000 55.000 1,050 5.100 anpl 76,150 boy 206,000 (39,000) $ 167,000 243,150 Print Done Abwe Clear all Fina iew the Trenton Hiew the Trenton Toy Company Sales Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter 1 300 1 400 1,500 1,600 5 70 5 70 5 70 $ 70 $ $ 91,000 $ 98,000 $ 105,000 $ 112.000 $ Total ipts budd bet your 4 Budgeted sets to be sold Sales price per unit Total sales 5,800 70 Custom 406.000 Print Done