vinson company has provided the followimg budget information

Data table $ 213,000 41,150 37,400 Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation 1,200 600 6,600 8,000 Insurance and property taxes Budgeted selling and administrative expenses: Salaries expenset Rent expense Insurance expense Depreciation expense Supplies expense 1,000 1,600 200 4,260 Print Done Vinson Company's schedule of cash receipts from customers and schedule of cash payme Requirements 1. Prepare Vinson Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. 2. Prepare Vinson Company's cash budget for the first quarter of 2024. Print Done balance, March 31, 2024: ted in 2nd Otr Prol ng fro a. Capital expenditures include $43,000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 85% of sales in the quarter of the sale and 15% in the quarter following the sale. c. Direct materials purchases are paid 70% in the quarter purchased and 30% in the next quarter. d. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. e. Income tax expense for the first quarter is projected at $50,000 and is paid in the quarter incurred. f. Vinson Company expects to have adequate cash funds and does not anticipate borrowing in the first quarter. g. The December 31, 2023, balance in Cash is $20,000, in Accounts Receivable is $20,300, and in Accounts Payable is $9,000. fro vab Ipts leiva Print Done col