Please explain using excel?

11. Calculating the Cash Budget Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2017: APRIL MAY JUNE Credit sales $434,000 $510,000 $538,500 Credit purchases 210,800 278,300 286,700 Cash disbursements Wages, taxes, and expenses 62,700 78,500 95,100 Interest 15,100 15,100 15,100 Equipment purchases 127,800 148,400 PART 5 Special Topics The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2017, credit sales were $419,000 and credit purchases were $206,300. Using this information, complete the following cash budget: APRIL MAY JUNE Beginning cash balance $265,000 Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance