Please show the work and formulas used!

8) Chicken Inc has a beginning cash balance on January 1, 2021 of $10,000. Cash collected in January is $100,000 and sales revenue in January is $108,000. Expected disbursements for January for inventory purchases are $45,000 and for selling and administrative expenses are $62,000. Additionally, a dividend payment of $5,000 will be made in January. Letestu maintains a minimum cash balance of $5,000. How much cash will Chicken Inc need to borrow in January in order to meet the minimum balance requirement? a. $0 b. $19,000 c. $7,000 d. $17,000 9) Willy Wonka has obtained the following sales forecast data: April May June July Cash Sales $80,000 $70,000 $50,000 $60,000 Credit Sales $340,000 $320,000 $280,000 $300,000 The regular pattern of collection of credit sales is 25% in the month of sale and 75% in the month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on June 30th is: a. $225,000 b. $70,000 C. $247,500 d. $210,000