Please help with the ones in red. thanks .

preparation of the budgeting process. Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $183,600. Direct Materials Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31,2021 , totaled $120,595. Labor requires 12 minutes per unit for completion and is paid at a rate of $9 per hour. The Cash balance on December 31, 2021, totaled $103,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31,2022 . Dividends are paid each month at the rate of $2.30 per share for 4,960 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $510,000 equipment purchase is planned for February. For the first quarter of 2022 , prepare a sales budget. For the first quarter of 2022, prepare a production budget. For the first quarter of 2022, prepare a direct materials budget. (Round cost per pound to 2 decimal places, e.g. 0.25 and all other answers to 0 decimal places, e.g. 2,520.) WATERWAYS CORPORATION Direct Materials Budget For the First Quarter of 2022 First Quarter Units to be Produced Direct Materials Per Unit Total Pounds Required for Production Total Materials Required Cost Per Pound For the first quarter of 2022, prepare a direct labor budget. (Round time per unit to nearest hour, e.g. 30 minutes will be rounded to 0.5 hours) WATERWAYS CORPORATION Direct Labor Budget For the First Quarter of 2022 First Quarter Units to be Produced WATERWAYS CORPORATION Manufacturing Overhead Budget For the First Quarter of 2022 First Quarter Variable Costs Indirect Labor $ $ Indirect Materials Maintenance Utilities Total Variable Costs $ $ $ $ Fixed Costs Depreciation Insurance Maintenance Property Taxes Salaries Total Fixed Costs Total Manufacturing Overhead Direct Labor Hours Predetermined overhead rate for the quarter