NEED PART B ONLY.

Please show work as I'm trying to understand. Thanks!

Widcal Incorporated, has estimated sales in milions) for the next four quarters as follows Q1 Q2 Q3 Q4 Sales S540 $ 160 S 180 $ 210 Sales for the first quarter of the following year are projected at $155 million Accounts receivable at the beginning of the year were $61 million Widcat has a 45-day collection period Widcat's purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecast sales and suppliers are normally paid in 36 days Wages, taxes, and other expenses run about 25 percent of sales interest and dividends are $10 milion per quarter Widcat plans a major capital outlay in the second quarter of $76 milion Finally, the company started the year with a cash balance of $73 million and wishes to maintain a $30 million minimum balance o. Complete the following cash budget for Wildcat. Incorporated. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, nor dollars, rounded to 2 decimal places, e... 32.16) WILDCAT, INCORPORATED Cash Budget in million Q1 Q2 Q3 04 Beginning cash balance $ 7300 $ 9060 37 20$ 6310 Net cashindow 17.60 53.40 25.90 52.85 Ending cash balance $ 90.60 $ 37 205 63.10S 115.95 Minimum cash balance -30.00 30.00 30 00 30 00 Cumulte suplus deficit $60.60 720 333 10 8595 Assume that Wildcat can borrow any needed funds on a short term basis of a rate of 3 sercent per quarter and can invest any excess unos in shon-term marketable securities na rate of 2 percent per quarter 1-1 Complete the following short term financial plan for Wildcat. Bricomorated negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers in millions, not dollars, rounded to 2 decimal places ... 3216. Leave no cells blank - be certain to enter "o" wherever required) WILDCAT. INCORPORATED Short Term Financial Plan 01 02 01 30.00 24 > 30 DO 5 20.00 S Turgut Cashbac Matcash now Now showeto Income from starte mens Shontaminstens New shoemborg Interests shot bog Short term Coming record Ending cash balance Minum cha Cum sufick -3000 30.00 30.00 Beginningshote want Ending short-termine During thosem do Ending short om det