I am needing help with section E of this question.

Esquire Products Inc. expects the following monthly sales: January February March April May $ 36,000 July 27,000 August 20,000 September 22,000 October 16,000 November 14,000 December Total sales = $360,000 $ 30,000 34,000 37,000 42,000 50,000 32,000 June Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in th month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, average monthly production is equal to annual production divided by 12. a. Generate a monthly production and inventory schedule in units. Beginning inventory in January is 20,000 units. Ending Inventory 17,000 18,500 Esquire Products Inc. Production and Inventory Schedule in Units Beginning Production Sales Inventory 20,000 15,000 18,000 17,000 15,000 13,500 18,500 15,000 10,000 23,500 15,000 11,000 27,500 8,000 34,500 15,000 7,000 42,500 15,000 15,000 23,500 January February March April May June July August September October November 15,000 27,500 32,500 42,500 42,500 42,500 40,500 15,000 15,000 17,000 18,500 40,500 37,000 37,000 31,000 21,000 15,000 15,000 15,000 21,000 25,000 16,000 31,000 21,000 20,000 December b. Prepare a cash receipts schedule for January through December. Assume that dollar sales in the prior December were $20,00 Esquire Products Inc. Cash Receipts Schedule February March $ 27,000 $ 20,000 June January $ 36,000 April 22,000 May 16,000 Sales $ $ $ 14,000 Cash receipts: $ Cash sales Prior month's credit sales 14,400 12,000 10,800 $ 21,600 8,000 $ 16,200 8,800 $ 12,000 6,400 $ 13,200 5,600 9,600 Total cash receipts $ 26,400 $ 32,400 $ 24,200 $ 20,800 $ 19,600 $ 15,200 Esquire Products Inc. Cash Receipts Schedule August September 34,000 $ 37,000 November July 30,000 October 42,000 December $ 32,000 $ $ $ $ 50,000 Sales Cash receipts: Cash sales Prior month's credit sales $ $ $ 12,000 8,400 13,600 $ 18,000 31,600 $ 14,800 20,400 35,200 16,800 $ 22,200 39,000 $ 20,000 $ 25,200 12,800 30,000 42,800 Total cash receipts $ 20,400 $ $ 45,200 $ c. Prepare a cash payments schedule for January through December. The production costs ($1 per unit produced) are paid for in the month in which they occur. Other cash payments (besides those for production costs) are $8,200 per month. Esquire Products Inc. Cash Payments Schedule Constant production January February March April May June Production cost Other cash payments Total cash payments $ 0 $ 0 $ 0 $ 0 $ $ 0 Esquire Products Inc. Cash Payments Schedule Constant production August September July October November December Production cost Other cash payments Total cash payments $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 d. Construct a cash budget for January through December using the cash receipts schedule from part b and the cash payments schedule from part c. The beginning cash balance is $3,000, which is also the minimum desired. (Negative amounts should be indicated by a minus sign.) Esquire Products Inc. Cash Budget February March January April May June Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance Esquire Products Inc. Cash Budget August September July October November December Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance e. Determine total current assets for each month. Include cash, accounts receivable, and inventory. The accounts receivable for a given month is equal to 60 percent of that month's sales. Inventory is equal to ending inventory (part a) times the cost of $1 per unit. Esquire Products Inc. Assets Accounts Receivable Cash Inventory Total Current Assets January February March April May June July August September October November December