on excel, please include formulas! thank you

1. Read the case "Cravat Sales Company". 2. Prepare the following budgets and schedules for the second quarter (April - June) using MS Excel. - A Sales budget, by month and in total. - A Schedule of expected cash collections from sales, by month and in total. - A Merchandise purchases budget in units and in dolars, Show the budget by month and in total. - A Schedule of expected cash disbursements for merchandise purchases by month and in total. - An Operating expenses budget, by month and in total. - A Schedule of expected cashdisbursements for operating expenses, by month and in total. - A Cash budget Show the budget by month and in total. - A Budgeted income statement for the three-month period ending June 30 (Use the contribution approach). 3. You may enter the detals in the repayments and interest lines of the cash budget manually. This is because the programming skills required to perform this function are quite complicated. 4. Agart from repayments and interest, there is to be no manual input into the Output Section. All cells are to contain formula. 5. 6. Read the helptul hints given below CRAVET SALES COMPANY You have just been hired as a management trainee by Cravat Sales Company, a nationwide distributor of a designer's sik ties. The company has an exclusive franchise on the distribution of the ties, and sales have grown so rapidly over the last few years that it has become necessary to add new members to the management team. You have been given responsiblity for all planning and budgeting. Your first assignment is to prepare a master budget for the next three months, starting April 1. You are anxious to make a favourable impression on the president and have assembled the information below. The company desires a minimum ending cash balance each month of $10,000. The ties are sold to retailers for $8 each. Rocent and forecasted sales in units are as follows: The Large buldup in sales before and during dune is due to Father's Day Ending inventories are supposed to cqual 90% of the next month's sales in units. The ties cost the company $5 each. Purchases are paid for as follows: 50% in the month of purchase and the remaining 50% in the following month. All sales are on credit, with no discount, and payable within 15 days. The company has found, however, that only 25% of a month's sales is collected by month-end. An additional 5085 is collected in the following month, and the remaining 25% is collected in the second month following sale. Elad detits have been negligible. The companys monthly selling and adminintrative expenses are given below: All selling and administrative expenses are paid during the month, in cash, with the exception of depreciation and insurance expired. Land wil be purchased during May for $25,000cash. The company declares dividends of $12000 each quarter, payable in the first month of the following quarter. The company's balance sheet at March 31 is given below: The company has an agreement with a bank that allows it to borrow at the beginning of each month. up to a total foan balance of $140,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. At the end of the quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible, while still retaining at least $10,000 in cash. simplicity, we will assume that interest is not compounded. At the end of the quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible, while still retaining at least $10,000 in cash. Example: Financing Section (note: this is an example and not the solution for the case) 30,0003%+40,0002%=$1,700