PLEASE HELP! The Check Figures is the correct answer, but I am not getting it.

INFORMATION DAMOCLES INC. Damocles Inc. is a company that brokers licenses of specialized Linux software, which utilizes All neural programming for continual improvement of server efficiency. A small Italian software company produces the program exclusively for Damocles Inc.; Therefore, they have no manufacturing related costs. PRODUCT COSTS As of Nov of 2023, each user license costs Damocles Inc. \$105 per their contract agreement. The cost of each license is scheduled to increase by 10.% on May 1, 2024 to cover the rising programming costs driven by inflation. Governmental sources have revealed that there will be a increase in interest rates, which will bump-up the cost of capital for the company. Damocles Inc. They plan to budget an in increase in cost another \$3.47 on Sept 1,2024 to their purchase budget. PRODUCT SALES Damocles Inc.sells each unit for $345 each. Projected Sales units: To offset increasing costs of product, the company plans to raise the sales price to $395 per unit beginning Sept 1 2024. The sales forecast (i.e., estimated sales in units) takes this price increase into account. CREDIT SALES Monthly sales are 5% cash sales, 95% credit sales. 22% of credit sales are collected in the month of sale, 48% are collected the following month, and 28% are collected the 2 nd month after sale. The remaining receivables are deemed uncollectible at the end of the 2 nd month after sale. Bad debts are written off in the month the debt is deemed uncollectible. MERCHANDISE INVENTORY The company policy regarding inventory is to maintain their ending inventory at 5% of the following month's forecasted sales in units. They use the first-in, first-out (FIFO) method in accounting for inventories. The company purchases all inventory on account, 28% of the inventory purchases are paid in the month of purchase with the remaining 72% paid the following month. EQUIPMENT The company purchased facilities and equipment the previous year with a Note Payable. In January a payment of $615,000 will be made, and the remaining balance will be paid with payments of $165,000 each month February through October 2024. OPERATING EXPENSES Monthly Cash expenses are paid when incurred (Cash expenses are paid when incurred) CASH MANAGEMENT The company must maintain a minimum cash balance of $1,000,000. Borrowing can make up shortfalls. For simplicity, assume that the bank will only lend (and accept repayments) in $1,000 increments. (Ignore interest on the loans, but minimize the amount borrowed and pay off any loans as soon as possible.) DIVIDENDS Dividends of $985,000 are paid in Nov. BALANCE SHEET Ralance Sheat halanas as of .lanuarv 012024 - At year-end 2024 the following was noted: A Supplies Inventory count was done at year-end: $2,200. Buildings and Equipment remained the same Capital Stock remained the same CHECK FIGURES Cash Collections Budget Total Cash Receipts for January. Total Cash Receipts, Total 2024: Bad Debt Exp for January: Bad Debt Exp, Total 2024: Purchase Budget Cost of Purchases for Dec, 2024: Operating Expense Budget Cash disbursements for Op Exp for Dec: Cash Budget Total cash available, Summary: Total Cash Disbursements, Summary: Ending Cash Balance for Dec: Budgeted Income Statement Gross Profit, Total: Cost of Goods Sold Total: Net Income, Total: Budgeted Balance Sheet Total Assets at Dec 31, 2024: $690,828 $10,736,725 $16,781 $196,916 $444,472 $366,228 $11,762,725 $10,438,113 $1,324,612 $7,994,590 $3,675,810 $3,812,890 $7,710,294