Required: $$

Using the data above, complete the following statements and schedules for the first quarter:

Schedule of expected cash collections:

$2-$a$.$ Merchandise purchases budget:

$2-$b$.$ Schedule of expected cash disbursements for merchandise purchases:

Cash budget:

Prepare an absorption costing income statement for the quarter ending March $31.$

Prepare a balance sheet as of March $31.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$A

Required $2$B

Complete the Schedule of expected cash collections: Required:

Using the data above, complete the following statements and schedules for the first quarter:

Schedule of expected cash collections:

$2-$a$.$ Merchandise purchases budget:

$2-$b$.$ Schedule of expected cash disbursements for merchandise purchases:

Cash budget:

Prepare an absorption costing income statement for the quarter ending March $31.$

Prepare a balance sheet as of March $31.$

Complete the merchandise purchases budget: