Please include calculations in answer and I will thumbs up$.$ Thank you!

S&P Enterprises needs a cash budget for March. The following information is available.DataJanuaryFebruaryMarchActual January and February and expected March sales:$$Cash sales$$1,600$$$3,750$$$5,100$Sales on account$25,00030,00040,000$Total Sales$$26,600$$$33,750$$$45,100$Accounts Receivable Collections:$$Month of sale$15\%$Month following sale$60\%$Second month following sale$22\%$Uncollectible$3\%$Accounts payable for inventory purchases, March $1$ balance$$10,500$Budgeted inventory purchases in March$$23,500$Inventory payments:$$Month of purchase$60\%$Month following purchase$40\%$Total budgeted selling & administrative expenses in March $($including depreciation$)$$$12,500$Budgeted depreciation in March $($included in total selling and admin exp$)$$$3,200$Other budgeted cash disbursements in MarchEquipment purchases$$14,000$Dividends to be paid$$2,000$Minimum cash balance to be maintained$$10,000$March $1$ cash balance$$11,500$March $1$ outstanding borrowings$$0$March $1$ interest due$$0$The company has a line of credit available to bolster the cash balance as needed.When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules.Required:Click the Schedules and Cash Budget tab to prepare the following:$1.$ Schedule of expected cash collections for March$\mathrm{.}2.$ Schedule of expected cash disbursements for inventory purchases for March$\mathrm{.}3.$ Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following month.$($Use cells A$4$ to D$7$ and A$10$ to B$30$ from the given information, as well as A$3$ to C$34$ from the Schedules and Cash Budget to complete this question.$)$

S&P Enterprises needs a cash budget for March. The following information is available.

Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that any interest will not be paid until the following

month.

$($Use cells A$4$ to D$7$ and A$10$ to B$30$ from the given information, as well as A$3$ to C$34$ from the Schedules and Cash Budget to

complete this question.$)$