Hello,

Please assist with this question ( I completed the first portion). Thank you!

Cooke Company has provided the following budget information for the first quarter of 2024: \begin{tabular}{lrr} \hline Total sales & $ & 218,000 \\ Budgeted purchases of direct materials & 41,150 \\ Budgeted direct labor cost & 36,500 \\ Budgeted manufacturing overhead costs: & \\ Variable manufacturing overhead & 1,200 \\ Depreciation & 600 \\ Insurance and property taxes & 6,750 \\ Budgeted selling and administrative expenses: & 6,000 \\ Salaries expense & 5,000 \\ Rent expense & 1,400 \\ Insurance expense & 600 \\ Depreciation expense & 2,180 \\ \hline Supplies expense & \\ \hline \end{tabular} a. Capital expenditures include $37,000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 65% of sales in the quarter of the sale and 35% in the quarter following the sale. c. Direct materials purchases are paid 60% in the quarter purchased and 40% in the next quarter. d. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. e. Income tax expense for the first quarter is projected at $48,000 and is paid in the quarter incurred. f. Cooke Company expects to have adequate cash funds and does not anticipate borrowing in the first quarter. g. The December 31,2023 , balance in Cash is $35,000, in Accounts Receivable is $20,300, and in Accounts Payable is $10,500. 1. Prepare Cooke Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024 . 2. Prepare Cooke Company's cash budget for the first quarter of 2024 . Requirement 1. Prepare Cooke Comparry's schediule of cash receipls fram customers and schediule of cash payments far the first quarter of 2024 Begin by preparing the schedule of cash receipts fron custamers far thes first quarter of 2024