Please help me solve requirements 1-5

Requirements Data table More info Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: In any given month, 25% of the total sales are cash sales, while the remainder are credit sales. 1. Prepare the sales budget, including a separate section that details the type of sales made (cash versus credit.) The company's collection history indicates that 70% of credit sales is 2. Prepare the production budget. collected in the month after the sale, 20% is collected two months 3. Prepare the direct materials purchases budget. Assume the after the sale, 6% is collected three months after the sale, and the company needs 135,000 board feet of wood for production in April. remaining 4% is never collected. 4. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. Assume that the total cost of direct materials purchases in December 5. Prepare the cash payments budget for direct materials purchases for was $500,000. The company pays 40% of its direct materials the months of January, February, and March, as well as a summary purchases in the month of purchase, and pays the remaining 60% in for the first quarter. the month after purchase. Backyard Warehouse makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores The company would also like to maintain an ending stock of finished birdfeeders equal to 10% of the for $10 per birdfeeder. Each birdfeeder requires 2.0 board feet of wood, which the comparly obtains at a cost of $6 next month's sales. Sales data for the compary is as follows: per board foot. The company would like to maintain an ending stock of wood equal to 25% of the next month's production requirements. (Click the icon to view the sales data.) (Click the icon to vlew additional data.) Read the requirements