I did the fixed overhead budget but I need help with questions 6-13. Just the steps needed for each budget.

There is no beginn Dcess inventory. All work in po period in which i aw materials inventory a of 1.000 gallons of Monlant. There are 400 gallons of dye in finish niventory beginning of the year carried at standard cost. 7. Accounts Payable relates solely to raw material and is paid $0 percent in the month of purchase and 40 percent in the month after purchase. No discounts for prompt payment 8. The dividend will be paid in January 9. A new piece of equipment costing $9,090 will be purchased on March 1. Payment of 80 percent will be made in March and 20 percent in April. The equipment has a useful life of three years and will have no salvage value. 10. The note payable has a 6% interest rate; interest is paid at the end of each month. The principal of the note is repaid as cash is available to do so. 1 1. Dye-Aspora's management has set a minimum cash balance at $5,000. Investments and borrowings are made in $100 increments. Investments are expected to earn 9% per year 12. The ending finished goods inventory should include 15 percent of the next month's needs This is not true at the beginning of January du miscalculation in sales for December. The ending inventory of raw materials also should be 25 percent of the next month's needs 13. Monthly selling and administrative costs are paid in cash." Per month costs are as follows: Salaries $18 000 Utilities BOO Office Rent Required: Prepare a master budget, by month. for the first quarter including quarterly totals and the pro- forma income statement and balance sheet as of March 3ist