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Chapter $8$: $($Algo$)$ Applying Excel $[$LO$8-2,$ LO$8-3,$ LO$8-4]$

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The Chapter $8$ Form worksheet shown below recreates the Review Problem in the text.

Chapter $8$: $($Algo$)$ Applying Excel: Excel Worksheet $($Part $1$ of $2)$

Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B$26$ enter the formula $"=$ B$5".$

Required:

$1.$ Check your worksheet by changing the budgeted unit sales in Quarter $2$ of Year $2$ in cell C$5$ to $75,000$ units. The total expected cash collections for the year should now be $$2,085,000.$ The required production for the year should be $274,000$ units. The cost of raw materials to be purchased for the year should be $$1,106,800,$ whereas the total cash disbursements for the year should be $$1,095,980.$ If you do not get this answer, find the errors in your worksheet and correct them.

Save your completed Applying Excel form to your computer and then upload it here by clicking $$Browse$.$ Next, click $$Save$.$ You will use this worksheet to answer the questions in Part