I dont need calculations please only send answers and please send it as soon as possible.

Required 1 Required 2 Required 3 Required 4 Required 5 Complete the schedule of expected cash collections. Schedule of Expected Cash Collections April s 37,800 s 40,800 S 55,800S May June Quarter Cash sales Credit sales Total collections 134,400 18,800 25,20027,20071200 $56,600 $ 66,000S 83,000 205,600 Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases Merchandise Purchases Budget May April 47250 51,000 40.800 55.800 88,050106.800 37,800 40,800 50,206.000 June Quarter Budgeted cost of goods sold Add desired ending merchandise inventory Total needs Less beginning merchandise inventory Required purchases Budgeted cost of goods sold for April : $63,000 sales x 75%-347,250 Add desired ending inventory for April : $51,000 x 80%-$40,800 $ 69,750$ 168,000 26,400 194,400 37,800 $ 40,350S 156,600 26,400 96,150 55,800 Schedule of Expected Cash Disbursements-Merchandise Purchases April May June Quarter $22,425 March purchases April purchases May purchases June purchases Total disbursements $ 22,425 50,250 66,000 20,175 $ 53,175S 158,850 25,12525,125 33,000 20,175 33,000 47550 58,125 Complete the cash budget. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Shilow Company Cash Budget April May June Quarter Beginning cash balance Add collections from customers Total cash available Less cash disbursements $ 7,200f s 4,710 56,600 66,000 63,80070,710 83,000 205,600 83,000205,600 47,550 13,34014,240 For inventory 58,125 53,175 158,850 46,320 1,200 1,915206,370 (770) For expenses 18,740 For equipment Total cash disbursements Excess (deficiency) of cash 1,200 62,09072,365 ,710 (1,655) 11,085 available over disbursements Financing Borrowings Repayments Interest 20,000 (1,000) 750 19,750 S 4,710 S (2,310)S 8,835 S 18,980 3,000 (655) (3,000) 750 (2,250) Total financing 3,000 (655) Ending cash balance Prepare an absorption costing income statement for the quarter ended June 30. Shilow Company Income Statement For the Quarter Ended June 30 Sales Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Gross margin Selling and administrative expenses: Commissions Rent Prepare a balance sheet as of June 30. Shilow Company Balance Sheet June 30 Assets Current assets Total current assets Total assets Liabilities and Stockholders' Equity Stockholders' equity: Total liabilities and stockholders' equity Required 4 The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash $ 7,200 $ 18,800 $ 37,800 $123,6e0 $ 22,425 $ 150,000 $ 14,975 Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales b. Actual and budgeted sales data March (actual) April May June July $47,000 $63,000 $ 68,000 $ 93,000 $44,000 C. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold e. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The C. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold e. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The f. Monthly expenses are as follows: commissions, 12% of sales, rent, $2,000 per month; other expenses (excluding depreciation), 6% g. Equipment costing $1,200 will be purchased for cash in April accounts payable at March 31 are the result of March purchases of inventory of sales. Assume that these expenses are paid monthly. Depreciation is $927 per month (includes depreciation on new assets) h. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter Required: Using the preceding data 1. Complete the schedule of expected cash collections 2. Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases 3. Complete the cash budget. 4. Prepare an absorption costing income statement for the quarter ended June 30 5. Prepare a balance sheet as of June 30