Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. g. Baird borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $13,000 cash cushion. Prepare a cash budget. h. Prepare a pro forma income statement for the quarter. 1. Prepare a pro forma balance sheet at the end of the quarter. J. Prepare a pro forma statement of cash flows for the quarter. Required A Required B Required C Required D Required E Required F Required G Required H Required I Required J Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. Schedule of Cash Payments for S&A Expenses October November December Salary expense Sales commissions Supplies expense Utilities Depreciation on store fixtures Rent Miscellaneous Total payments for S&A expenses ces Required A Required B Required C Required D Required E Required F Required G Required H Required I Required 3 Baird borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $13,000 cash cushion. Prepare a cash budget. (Any repayments should be indicated with a minus sign.) Show less A Section 1: Cash Receipts Total cash available Section 2: Cash Payments Total budgeted disbursements Section 3: Financing Activities Cash Budget October November December Required A Required B Required C Required D Required E Required F Required G Required H Required I Required] Prepare a pro forma income statement for the quarter. BAIRD COMPANY Pro Forma Income Statement For the Quarter Ended December 31, Year 1 Required A Required B Required C Required D Required E Required F Required G Required H Required I Required J Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.) BAIRD COMPANY Pro Forma Balance Sheet Assets Total assets Liabilities Equity Total liabilities and equity December 31, Year 1 5 Required A Required B Required C Required D Required E Required F Required G Required H Required I Required] Prepare a pro forma statement of cash flows for the quarter. (Cash outflows should be indicated with a minus sign.) BAIRD COMPANY Pro Forma Statement of Cash Flows For the Quarter Ended December 31, Year 11 Cash flows from operating activities Net cash flows from operating activities Cash flows from investing activities Cash flow from financing activities