this is all one question. help please

HE Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter, a. Budgeted monthly absorption costing income statements for April-July are: April $ 700,000 490,000 210,000 May $ 870,000 609,000 261, e8e June $ 580,000 406,000 174,000 July $ 480,000 336.000 144,800 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expenses Total selling and administrative expenses Net operating income "Includes $30,000 of depreciation each month. 88,000 49,000 137,000 $ 73,000 107,000 66,400 173,400 $ 87,600 69,000 42,800 111,800 $ 62,200 48,000 46,000 94,800 $ 50,000 b. Sales are 20% for cash and 80% on account Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $270,000, and March's sales totaled $285,000 d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's Inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $128,800 e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $98,000 f. Dividends of $37,000 will be declared and paid in April. 9. Land costing $45,000 will be purchased for cash in May. h. The cash balance at March 31 is $59,000, the company must maintain a cash balance of at least $40,000 at the end of each month, 1. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total, 2. Prepare the following for merchandise inventory a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. . ok Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 ht Required 3 Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. Schedule of Expected Cash Collections April May June Quarter $ 0 0 Cash sales Sales on account: February March April May June Total cash collections 0 0 D s 0 05 0 $ 0 $ 0 Required 2A > Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter I 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 Prepare the following for merchandise inventory, a merchandise purchases budget for April, May, and June. Merchandise Purchases Budget April May Juno Total needs 0 0 0 Required inventory purchases $ 0$ 0 $ 0 Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total, 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 Prepare the following for merchandise inventory, a schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total Schedule of Expected Cash Disbursements for Merchandise Purchases April May June Quarter $ April purchases May purchases June purchases Total cash disbursements $ 0 $ 0 $ 0 $ 0 0 0 0 0 Required 1 Required 2A Required 28 Required 3 Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency, repayments and interest shou be indicated by a minus sign.) Garden Sales, Incorporated Cash Budget For the Quarter Ended June 30 April May Juno Quarter Beginning cash balance Add collections from customers Total cash available 0 0 0 Less cash disbursements: Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid Total cash disbursements 0 0 0 0 Excess (deficiency) of cash available over disbursements 0 0 Financing Borrowings Repayment Interest Total financing 0 0 0 Ending cash balance $ 0 $ 0 $ 05 0 0 0 0