Could you show me the steps to solve this please?

Water Play Pty Ltd sells inflatable water toys and other pool play items. You have been asked to prepare budgets for the quarter ended $31$ March $2023$ for the business based on the following information.$$

$$

The Balance Sheet for Water Play Pty Ltd as at $31$ December $2022($i$.$e$.$ previous quarter$)$ was as follows:$$

Current Assets$$

$$

$$

Bank$$

$16664$

$$

Inventory$$

$2000$

$$

Accounts Receivable$*$

$1991$

$$

Prepaid insurance$**$

$200$

$20855$

Non$-$current Assets$$

$$

$$

Store furniture & fittings$$

$4650$

$$

Accumulated depreciation$$

$1480$

$3170$

$$

$$

$24025$

Current liabilities$$

$$

$$

Accounts payable$$

$995\mathrm{.}50$

$$

Superannuation payable$$

$420$

$$

PAYG W$/$H Payable$$

$1000$

$$

GST clearing account$$

$2690$

$5105\mathrm{.}50$

Non$-$current liabilities$$

$$

$$

Bank Loan$$

$4200$

$4200$

Total liabilities$$

$$

$9305\mathrm{.}50$

Net Assets$$

$$

$14719\mathrm{.}50$

Owners$$ Equity$$

$$

$14719\mathrm{.}50$

$$

$*$Credit sales for December were $$7964$ and $25\%$ of these were still outstanding on $31$st December.$$

$**$Credit purchases for December were $$9,955$ and $10\%$ of these were outstanding on $31$st December.$$

$**$Prepaid insurance expires on $28$ February $2023.$ The new insurance policy will be paid on $1$ March for $12$ months and will be $$1320$ including GST$.$ Prepaid insurance at $31$ March should be $$1,100.$

Revenue$$

Income for January to March last year $($net of GST$)$ was:$$

$$

January$$

February$$

March$$

Total$$

Revenue$$

$$18,500$

$$17,980$

$$23,720$

$$60,200$

Note: Sales for December were $$19,910$ including GST and $10\%$ of this total was on still outstanding at $31$st December.$$

Budgeted revenue is to be increased in accordance with organisational policies and procedures for budgeting.$$However$,$ in view of the business nature$$Management has decided to stay at CPI$1\mathrm{.}8\%$ as appropriate arrangement for current year's budget forecast.

$$

Collection of revenue:$$

Sales are made up of $60\%$ cash and $40\%$ credit.$$

$75\%$ of the credit sales are collected in the month of sale and the balance are collected in the month following the sale.$$

$$

Purchases$$

Credit purchases are estimated to be $50\%$ of sales each month. $90\%$ of purchases are paid for in the month of acquisition and the balance are paid for in the following month.$$

$$

Monthly Cash expenses:$$

Rent $$1100$ Including GST$$

Leasing $$440$ Including GST$$

Stationery $$220$ Including GST$$

Electricity $$330$ Including GST$$

Loan repayments $$120$ per month $($no GST$)$

Net Wages Paid $$3000$ per month. $25\%$ PAYG Withholding tax has been withheld. This needs to be paid by $21$st of each month in accordance with ATO requirements.

Superannuation is $10\mathrm{.}5\%$ of gross wages and is paid by $21$st of the following month to employee superannuation funds as a means of managing cash flow.$$

$$

Quarterly BAS Payment$$

Water Play lodge and pay their GST quarterly as per the ATO requirements.$$ The liability owing at the end of the quarter is as per the GST Clearing Account.$$

Non Cash Expenses$$

Depreciation is $$1380$ per annum$$

Loan Interest $$102$ for the quarter ended $31$ March $2023.$

$$

Inventory$$

Inventory is seasonal and expected value on hand on $31$ March is $$4350\mathrm{.}00$ excluding GST$.$

a$.$ Prepare a cash budget for the quarter ended $31$ March $2023$ showing each month and the totals for the quarter.$$

b$.$ Prepare a Budgeted Income Statement for the quarter ended $31$ March $2023$

c$.$ Prepare a Budgeted Balance Sheet as at $31$ March $2023$

I started doing it but my teacher took a really long time to give me feedback and now i only have a few hours to get it finished $-$ i have attached the feedback i was provided so you can see where i made errors

Budgeted Income Statement for the quarter ended $31$ March $2023$