Can someone help me with this problem? i wasn't able to post the full thing but i am confused.

These are the requirements for the question.

Here is the full question.

The opening cash balance is not given and that is where I'm confused

Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing Income statements for April-July are: April $ 580,000 406,000 174,000 May $ 700,000 546,000 234.000 Tune $400,000 280,000 120,000 July $ 380,000 266,000 124.000 Sales Cost of goods sold Grous margin selling and administrative expenses Selling expense Administrative expenso Total selling and administrative expenses Net operating income 'Includes $21.000 of depreciation each month. 70,000 44.000 122,000 $ 52,000 30,000 59.200 152200 76,800 59,000 36000 9500 $ 24,200 30.000 30 000 74,000 40.000 b. Sales are 20% for cash and 80% on account. c. Sales on account are collected over a three-month period with 10% collected in the month of sale: 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000. d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800. e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200. f. Dividends of $28,000 will be declared and paid in April. 9. Land costing $36,000 will be purchased for cash in May, Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April $ 580,000 406,000 174,000 May $ 780,000 546,000 234.000 Tune $ 400,000 200 000 120,000 July $ 580,000 266,000 114.000 Sales Cost of goods sold Crona margin selling and administrative expenses Selling expense Administrative expense. Total selling and administrative expenses Het operating income *Includes $21,000 of depreciation each month, 70,000 44.000 122,000 $ 52,000 98,000 59,200 152,200 $ 76,800 59,000 36,000 9500 $ 24,200 30.000 30 000 74 000 $40.000 b. Sales are 20% for cash and 80% on account. c. Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000. a. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800. e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200. 1. Dividends of $28,000 will be declared and paid in April 9. Land costing $36,000 will be purchased for cash in May, Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total. 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 23 Required 3 Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. Schedule of Expected Cash Collections April May June Quarter 0 0 Cash sales Sales on account February March April May June Total cash collections 0 0 0 $ $ Os 0 $ Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April $ 580,000 406,000 174,000 May $ 780,000 546,000 234.000 Tune $ 400,000 200 000 120,000 July $ 580,000 266,000 114.000 Sales Cost of goods sold Crona margin selling and administrative expenses Selling expense Administrative expense. Total selling and administrative expenses Het operating income *Includes $21,000 of depreciation each month, 70,000 44.000 122,000 $ 52,000 98,000 59,200 152,200 $ 76,800 59,000 36,000 9500 $ 24,200 30.000 30 000 74 000 $40.000 b. Sales are 20% for cash and 80% on account. c. Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000. a. Inventory purchases are paid for within 15 days. Therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800. e. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200. 1. Dividends of $28,000 will be declared and paid in April 9. Land costing $36,000 will be purchased for cash in May, Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise Inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April May, and June, and for the quarter in total. 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 June Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. Schedule of Expected Cash Collections April May Quarter Cash sales 0 Sales on account February 0 March 0 April 0 May 0 June Total cash collections $ 0 $ 0 $ Os 0 Preu Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lown care equipment, which occur during May. The following Information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing Income statements for April-July are: - . Apr1 $ 580,000 406.000 176,000 May 780,000 546,000 230,000 June $400,000 280,000 120,000 July $ 380,000 266,000 114,000 sales Coat of goods sold Croan margin Selling and administrative expenses Selling expense Adminlatrative expenses Total belling and administrative expenses Het operating income "Includes $21,000 of depreciation each month. 78.000 44.000 122.000 $ 52,000 98,000 59,200 257,200 $.96,800 59,000 36,800 95.000 24,200 38,000 36,000 74.000 40,000 DES b. Sales are 20% for cash and 80% on account Sales on account are collected over a three-month period with 10% collected in the month of sale: 70% collected in the first month following the month of sele; and the remaining 20% collected in the second month following the month of sale. February's sales totaled $195,000, and March's sales totaled $240,000, di Inventory purchases are paid for within 15 days. Therefore, 50% of a mont's inventory purchases are paid for in the month of purchase. The remaining 50% is pold in the following month. Accounts payable at March 31 for inventory purchases during March total $107,800 6. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise Inventory at March 31 is $81,200 Dividends of $20,000 will be declared and paid in April g. Land costing $36,000 will be purchased for cash lo May Required: 1. Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total. 2. Prepare the following for merchandise Inventory: a. A merchandise purchases budget for April, May, and June. b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June, and for the quarter in total 3. Prepare a cash budget for April, May, and June as well as in total for the quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 June Prepare a schedule of expected cash collections for April, May, and June, and for the quarter in total Schedule of Expected Cash Collections April May Quarter Cash sales $ 0 Sales on account February 0 March 0 April 0 May June Total cash collections S 0 0 $ 0 0