Use the Budget Data tab to complete the Schedules and Cash Budget tab.

Formulas must be entered so that all cash flow amounts are positive numbers

S&P Enterprises needs a cash budget for March. The following information is available Februar March Data Actual January and February and expected March sales: Cash sales Sales on account Total Sales anu $ 1,600 $ 3,750 $ 5,100 30,000 40,000 25,000 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 60% 3% Accounts payable for inventory purchases, March 1 balance Budgeted inventory purchases in March Inventory payments $10,500 $23,500 Month of purchase Month following purchase 6096 40% Total budgeted selling & administrative expenses in March Budgeted selling & administrative depreciation in March $12,500 $3,200 Other budgeted cash disbursements in March $14,000 $2,000 Equipment purchases Dividends to be paid Minimum cash balance to be maintained March 1 cash balance March 1 outstanding borrowing:s March 1 interest due $10,000 $11,500 50 S0 The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedulesj Click the Schedules and Cash Budget tab to prepare the following 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month. Expected cash collections: March cash collections March collections on account: January sales February sales March sales Total cash collections Payments to suppliers Accounts payable for inventory purchases, beginning balance March purchases Total cash payments S&P Enterprises Cash Budget For the Month of March Cash balance, March 1 Add cash receipts: Collections from customers Total cash available Less disbursements: Payments to suppliers Selling and administrative expenses Equipment purchases Dividends paid Total disbursements Cash balance before financing Financing Borrowings/Repayments Cash balance, March 31