Wilson, the banker, will finance construction if the firm can precent an acceptable threemonth financial plan for January through March. The following are actual and forecast sales figures:

$\backslash$table$[[$Actual$,$Forecast,Additional Information$],[$Noverber$,$$ $268,680,$January,$ $490,000,$April forecast,I. $400,000],[$December$,348,680,$February,$440,0080,,]]$

Of the firm's sales, $60$ percent are for cash and the remaining $40$ percent are on credit of credit cales, $20$ percent are paid in the month after sale and $80$ percent are paid in the second month after the sale. Materlals cost $20$ percent of sales ond are purchased and recelved each month in an amount sufficient to cover the following month's expected soles. Moterials are paid for in the month ofter they are recelved. Labor expense is $50$ percent of sales and is paid for in the month of sales. Selling ond administrative expense is $15$ percent of sales and is pald in the month of sales. Overhead expense is $$31,000in$ cosh per month.

Depreclation expense is $$10,600$ per month. Taxes of $$8,600$ will be paid in January, and divdends of $$5,000$ will be pald in March Cash at the beginning of January is $$92,000,$ and the minimum desired cash balance is $$87,000,$

a$.$ Prepare a schedule of monthly cash recelpts for January, February, ond March.

b$.$ Prepare a schedule of monthly cash payments for January. Februsry, and March.

Note: Input all amounts as positive. Leave no cells blank be certain to enter $0$ wherever required.

E$.$ Frepare o monthly cash budget with borrowing: and repayments for January. Februsny sid Merch. Note: Negotive amounts should be indicated by a minus sign. Assume the Jenuery begining loan balance is $50.$ Lecive no cels blenk be certain to enter $0$ wherever required.

Jayderic Carnout stores

Cach Budost