What are the steps I need to take to solve this problem

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My folder Career Life Sunny and Clear, Inc. is a small wholesale distributor Of consumer goods. The company generates a gross margin shown in the blue table. The percent of cash sales is shown in the blue table; the remainder is sold on account and is collected one month later. Accounts receivable on March 31, 2020 are the result Of March's credit sales to be collected the next month. Budgeted sales for the period were as follows: 13 days left to ask 17 more questions Continue to post B eted Sales June ross Margin Cash Sales Ending Inventory Inventory purchases paid in cash er Expenses 22 26% 55.000 S54,ooo 53,000 The company plans for each month's ending inventory to be the blue table percentage of the following month's budgeted cost of goods sold. Inventory cash purchases are shown in the blue table; the rest is paid for in the following month. The accounts payable on March 31 are the result of March purchases of inventory. All monthly expenses were paid monthly. Monthly expenses included: commissions, S8,500; rent, S2,OOO; other expenses (excluding depreciation), are reflected in the blue able as a percent of sales. Depreciation is Sl 200 for the quarter and includes depreciation on new assets acquired during the quarter. The assets acquired for cash during the quarter included equipment of 53,000 in April and 53,500 in May. The company wishes to maintain a minimum cash balance of 53,000 at the end of each month. The company has a financing facility that allows the company to borrow in increments of $1,000 at the beginning of each month from a local bank, up to a total loan balance of 530,000. The interest rate on these loans is 1.5% per month, and interest is not compounded. The company, when able, repays the loan plus accumulated interest at the end of the quarter. Save your file to preserve this table. Complete the assignments on the "Display Budget Schedules"