include formulas please

Preparing a Cash Budget with Supporting Schedules using Excel's Multi-Tab Cell Referencing and Basic Math Functions S\&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers. Use the Information included in the Excel Simulation and the Excel functions described below to complete the task. - Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below. if in a blank cell on the Budget Data fab. "=85" was entered, the formula would output the result from cell B5, or 1,600 in this example. - Multi-Tab Cell Reference; Allows you to refer to data from another cell in a separate tab in the worksheet. When using the mult-tab cell reference, type the equal sign first, then elick on the other tab and then cick on the cell you want to reference. The syntax of a mutt-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, If in a blank cell on the Schedules and Cosh Budget tab "- "Budget Data')C7" was entered, the formula would output the result from cel C7 in the Budget Data tab, or 33,750 in this example. - Basic Math functionsi Allows you to use the basic math symbois to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract). "(asterisk sign to mutiply), and ( (forward slash to divide). From the Excel simulation below, if in a blank cell on the Budget Date tab. " B15+816 was entered, the formula would add the values from those cells and output the resuit. of 34,000 in this example. If using the other math symbols the result would output an appropriate answer for its function. - sum function: Allows you to refer to muliple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "-SUM(B10,B11,B12)" was entered, the formula would output the result of adding those three separate cells, or 976 in this example. Simiarty, if in a blank cell "-SUM(B10:B12) was entered, the formula would output the same resut of adding those cells, except they are expressed as a range in the formula, and the result would be 97% in this example: Al A S \& P Enterprises needs a cash budget for March. The following information is available. 2 Jamary February March Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales 9 Accounts Receivable Collections: \begin{tabular}{|c|l|c|} \hline 10 & Month of sale & 15% \\ \hline 11 & Month following sale & 60% \\ \hline 12 & Second month following sale & 22% \\ \hline 13 & Uncollectible & 3% \\ \hline \end{tabular} 14 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March $10,500$23,500 17 Inventory payments: \begin{tabular}{|l|l|} 18 & Month of purchase \\ 19 & Month following purchase \\ 20 & \end{tabular} 60% 40% 21. Total budgeted selling \& administrative expenses in March 22 Budgeted selling \& administrative depreciation in March $12,500$3,200 23 24 Other hudeeted cash dishursements in March. Budget Data Schedules and Cash Budget Budgeted selling \& administrative depreciation in March $3,2008 Other budgeted cash disbursements in March Equipment purchases Dividends to be paid 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 3 The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 7 Click the Schedules and Cash Bodget tab to preparo the following: 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month. \begin{tabular}{l|} 42 \\ 43 \\ 44 \\ 45 \end{tabular} A1 B C D E A 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases Dividends paid 7 Total disbursements 28 Excess (deficiency) of cash available over disbursements 29 Financing: 30 Borrowings 31 Repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 READY A1 B C D E A 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases Dividends paid 7 Total disbursements 28 Excess (deficiency) of cash available over disbursements 29 Financing: 30 Borrowings 31 Repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 READY