I need help with completing this Excel spreadsheet.

I don't just need the number answers, I need the calcualtions more and to understand how they were calculated. Thank you!

Here is the info needed to complete the spreadsheet.

Precision Machines is preparing a financial plan for the next six months to determine the financial needs of the company. The historical analysis of the companys sales shows that the companys total sales are 30% cash sales and 70% credit sales. Further analysis of credit sales shows that the company receives 50% of the credit sales one month after the sale and the remaining 50% in the second month after the sale. This means the cash collections from sales are 30% in the first month of the sale, 35% in the second month, and 35% in the third month.

The materials purchased by the company amounts to 50% of the sales for the month. The company pays for the purchases one month after the initial purchase. The company likes to maintain a cash balance of $5,000. The cost of borrowing is 10%. The company plans to pay off the loan whenever there is a surplus and borrow when there is a deficit.

The attached spreadsheet shows revenues (sales), expenses, capital expenditures, and other expenses for Precision Machines next six months. Using the information given on the spreadsheet, prepare a cash budget for January through June and determine the cash surplus, deficit, and the financing needs of the company.

Precision Machines Student Note: Fill in the light yellow cells Data: Annual Cost of borrowing Minimum Cash Balance Beginning Cash Balance Revenues (Sales) November December January February March April May June 10.00% $5,000.00 $7,500.00 $40,000.00 $50,000.00 $48,000.00 $55,000.00 $35,000.00 $50,000.00 $65,000.00 $40,000.00 Cash Collections November December January February March April May June First Month (30%) Second Month (35%) Third Month (35%) Total Collections Cash Disbursements Material Purchases Salaries Wages Other Expenses Capital Expenditure Dividends Interest Total Disbursements 6,000.00 6,000.00 6,000.00 6,000.00 6,00000 6,00000 3.000.003 500.00 3.000.003200.003 500.00 3.000.00 45,000.00 1,000.00 1,000.00 Cash flows Net cash flows Cumulative cash flows Minimum Cash Balance Cash surplus or (Deficit)