this question have four different questions linked to the information i was able to figure out three but one of them i kept getting errors so any chance you can show me I was supposed to answer it correctly the question was making a schedule of expected cash collections I have attached the information that needed are below and the picture of the graph so you can see what i am dealing with thank you Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis The following data have been assembled to assist in preparing the master budget for the first quarter As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances Cash $56,000 Accounts receivable 212,800 Inventory 60,150 Buildings and equipment (net)366,000 Accounts payable $89,925 Common stock 500,000 Retained earnings 105,025 $694,950 $694,950 Actual sales for December and budgeted sales for the next four months are as follows December(actual) $266,000 January $401,000 February $598,000 March $313,000 April $209,000 Sales are 20 for cash and 80 on credit All payments on credit sales are collected in the month following sale The accounts receivable at December 31 are a result of December credit sales The company's gross margin is 40 of sales (In other words, cost of goods sold is 60 of sales ) Monthly expenses are budgeted as follows salaries and wages, $31,000 per month advertising, $65,000 per month shipping, 5 of sales other expenses, 3 of sales Depreciation, including depreciation on new assets acquired during the quarter, will be $44,660 for the quarter Each month's ending inventory should equal 25 of the following month's cost of goods sold One half of a month's inventory purchases is paid for in the month of purchase the other half is paid in the following month During February, the company will purchase a new copy machine for $2,600 cash During March, other equipment will be purchased for cash at a cost of $78,000 During January, the company will declare and pay $45,000 in cash dividends Management wants to maintain a minimum cash balance of $30,000 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 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 Complete this question by entering your answers in the tabs below pped LOOK Required 1 Required 2A Required 28 Required 3 Complete the Schedule of expected cash collections CROCE Schedule of Expected Cash Collections January February March Quarter Cash sales $ 80 200 5 80 200 Credit sales 212 800 212 800 Total collections 5 293 000 5 0 5 293 000 Required 2A

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this question have four different questions linked to the information- i was able to figure out three but one of them i kept getting errors

this question have four different questions linked to the information- i was able to figure out three but one of them i kept getting errors so any chance you can show me I was supposed to answer it correctly? the question was making a schedule of expected cash collections. I have attached the information that needed are below and the picture of the graph so you can see what i am dealing with.

thank you!

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:

As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances:

Cash $56,000

Accounts receivable 212,800

Inventory 60,150

Buildings and equipment (net)366,000

Accounts payable $89,925

Common stock 500,000

Retained earnings 105,025

$694,950

Actual sales for December and budgeted sales for the next four months are as follows:

December(actual) $266,000

January $401,000

February $598,000

March $313,000

April $209,000

Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
The company's gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
Monthly expenses are budgeted as follows: salaries and wages, $31,000 per month: advertising, $65,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $44,660 for the quarter.
Each month's ending inventory should equal 25% of the following month's cost of goods sold.
One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
During February, the company will purchase a new copy machine for $2,600 cash. During March, other equipment will be purchased for cash at a cost of $78,000.
During January, the company will declare and pay $45,000 in cash dividends.
Management wants to maintain a minimum cash balance of $30,000. 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. 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.

Complete this question by entering your answers in the tabs below. pped LOOK Required 1 Required 2A Required 28 Required 3 Complete the Schedule of expected cash collections: CROCE Schedule of Expected Cash Collections January February March Quarter Cash sales $ 80.200 5 80 200 Credit sales 212 800 212 800 Total collections 5 293.000 5 0 5 293.000 Required 2A