PLEASE WRITE CAREFULLY AND EXPLAIN YOUR ANSWER. Will give thimbs up

A B C D E 1 S \& P Enterprises needs a cash budget for March. The following information is available. Accounts Receivable Collections: Budgeted selling \& administrative depreciation in March 22 24 Other budgeted cash disbursements in March 25 26 27 Equipment purchases Dividends to be paid 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 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. Budget Data Schedules and Cash Budget