please can someone help me answe this

Problem 4-25 Complete cash budget [LO4-2] Harry's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Me Wilson, the banker, will finance construction of the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures: Actual Forecast Additional Information $600,000 January $760,000 April forecast $580,000 December 700.000 February 300,000 590,000 November March or the firm's sales. 45 percent are for cash and the remaining 55 percent are on credit of credit sales 40 percent are paid in the month after sale and 50 percent are paid in the second month after the sale. Materials cost 25 percent of sales and are purchased and received each month in an amount sufficient to cover the following month's expected sales Materials are paid for in the month after they are received Labor expense is 50 percent of sales and is paid for in the month of sales Selling and administrative expense is 15 percent of sales and is paid in the month of sales Overhead expense is $40,000 in cash per month Depreciation expenses $12.400 per month Taxes of 510.400 will be paid in January and dividends of $14,000 will be paid in March Cash at the beginning of January is 5128.000 and the minimum desired cash balance is $123,000 2. Prepare a schedule of monthly cash receipts for January February, and Maren a. Prepare a schedule of monthly cash receipts for January, February, and March Sales Credit sales Cash sales One month after sale Two months after sale Total cash receipts Answer is complete but not entirely correct. Harry's Carryout Stores Cash Receipts Schedule November December January February $ 260,000 X $ 340,000 $4,000,000 $ 440,000 $ 104,000 3 136,000 160.000 176.000 240,000 264,000 27 200 % 32000 83.2003 108,800 X $ 350.400 15 404.800 S March 410,000 164,000 X 246.000 35 200 128.000 409 200 3 + b. Prepare a schedule of monthly cash payments for January, February, and March b. Prepare a schedule of monthly cash payments for January, February, and March Answer is not complete. Harry's Carryout Stores Cash Payments Schedule January February $ 80.000 $ 88,000 March Payments for purchases Labor expense Selling and administrative Overhead Taxes Dividends Total cash payments $ 80.000 S 88.000 S 0 c. Prepare a monthly cash budget with borrowings and repayments for January, February, and March (Negative amounts indicated by a minus sign. Assume the January beginning loan balance is $0.) March Answer is not complete. Harry's Carryout Stores Cash Budget January February Total cash receipts Total cash payments Net cash flow 0 0 Beginning cash balance Cumulative cash balance 0 0 Monthly loan (or repayment) 0 0 Ending cash balance Cumulative loan balance 0 0 0 0