When I enter info into excel Andrea Pedersen, the Treasurer for Wood Products, Inc. has just been asked by Justin Wood, the company's president, to prepare a memo detailing the company's ending cash balance for the next 3 months. Below, you will see the relevant estimates for this period. July August September Credit sales $1,275,800 $1,483,500 S1,096,300 Credit purchases 765,480 890,160 657,780 Cash disbursements Wages, taxes, and expenses 348,600 395,620 337,150 Interest 29,900 29,900 29,900 Equipment 158,900 96,300 Credit sales collections: Collected in month of sale: 35% Collected month after sale: 60% Never collected: 500 June credit sales: S1,1 35,020 June credit purchases S681,012 Beginning cash balance: $425,000 All credit purchases are paid in the month after the purchase. Complete the cash budget for Wood Products for the next three months. Andrea knows that the cash budget will become a standard report completed before each quarter. To help reduce the time preparing the report each quarter, she would like a memo (in Excel too) with the appropriate information in this Excel file linked to the memo. Prepare a memo to Justin that will automatically update when the values are changed in Excel aster it! Solution July $425,000 a. August September $493,030 $427,835 Beginning cash balance Cash receipts Cash collections from credit sales 1,127,542 1,284,705 1,273,805 Total cash available Cash disbursements Purchases $681,012 348,600 20,200 $890,160 337,150 29,900 96.300 $1,349,900 $1.353,510 $765,480 395,620 29,900 158,900 Wages, taxes, and other expenses Interest Equipment purchases $1,059,51 Total cash disbursements Ending cash balance S4931030