Please show the excel work with its equations. Thank you!

1. (15 points) Gators Company manufactures patio chairs. The company is preparing budgets for the 3rd quarter and has assembled the following information: a. Estimated sales for the remainder of the year (in units): July 30,000 August 70,000 September 50.000 October 20,000 November 10,000 December 10,000 The selling price of the patio chairs is $20 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 35% in the month of sale 65% in the month following sale Sales for June totaled $300,000. c. The company maintained finished goods inventories equal to 10% of the following month sales Required: 1) Calculate the estimated sales, by month and in total, for the 3rd quarter. 2) Calculate the expected cash collection, by month and in total, for the 3rd quarter. 3) Calculate the estimated quantity of patio chairs that need to be produced in July, August, September, and October