Please answer the full question number 1-4 for my accounting assignment.

Budget Practice Problem Bill's Bagels has budgeted the following sales through March (see below). Bill's sales are expected as follows: cash 40% / credit (accounts receivable) 60% Sales on credit are expected to be collected 60% in following month and the other 40 % in the month after that. Bill will purchase food inventory at 30% of prior month's sales and desires to have $15,000 in cash available at all times. Other relevant information is provided below. Required: WN Calculate credit sales/cash sales through the end of March Calculate the expected collection on receivables assuming no bad debt Calculate budgeted cash disbursements through March Calculate the available cash, borrowings or repayments, and the loan balance through March Bill's Bagels Cash Receipts, Cash Payments and Cash Budget SALES BUDGET: NOVEMBER DECEMBER JANUARY FEBRUARY MARCH SALES S 30,000 $ 40,000 $ 40,000 $ 47,500 $ 60,000 CASH RECEIPTS BUDGET: CREDIT SALES 60% 18,000 $ 24,000 $ 24,000 CASH SALES 40% 12,000 16,000 $ 16,000 COLLECTION OF RECEIVABLES: 1 MONTH AFTER SALE 60% 14,400 2 MONTHS AFTER SALE 40% 7,200 TOTAL BUDGETED CASH RECEIPTS 37,600 CASH PAYMENTS BUDGET Food Purchases 30%of prior month sales 12,000 Payroll Expense 20% 8,000 Selling &Admin 15% 6,000 Overhead (fixed) 10,000 Estimated Taxes (fixed) 5,000 TOTAL BUDGETED CASH DISBRUSEMENTS 41,000 CASH BUDGET JANUARY FEBRUARY MARCH Beginning Cash Balance 15,000 TOTAL BUDGETED CASH RECEIPTS 37,600 TOTAL BUDGETED CASH DISBURSEMENTS (41,000) Cash Available 11,600 Desired Ending Cash Balance 15,000 $ 15,000 $ 15,000 Expected Borrowing 3,400 Ending Cash Balance 15,000 Loan Balance 3,400