S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers.

Data	January	February	March
Actual January and February and expected March sales:
Cash sales	$ 1,600	$ 3,750	$ 5,100
Sales on account	25,000	30,000	40,000
Total Sales	$ 26,600	$ 33,750	$ 45,100

Accounts Receivable Collections:
Month of sale	15%
Month following sale	60%
Second month following sale	22%
Uncollectible	3%
Accounts payable for inventory purchases, March 1 balance	$ 10,500
Budgeted inventory purchases in March	$ 23,500
Inventory payments:
Month of purchase	60%
Month following purchase	40%

Total budgeted selling & administrative expenses in March (including depreciation)	$ 12,500
Budgeted depreciation in March (included in total selling and admin exp)	$ 3,200

Other budgeted cash disbursements in March
Equipment purchases	$ 14,000
Dividends to be paid	$ 2,000

Minimum cash balance to be maintained	$ 10,000
March 1 cash balance	$ 11,500
March 1 outstanding borrowings	$ 0
March 1 interest due	$ 0

The company has a line of credit available to bolster the cash balance as needed.

When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules.

Required:

Click the Schedules and Cash Budget tab to prepare the following:

Schedule of expected cash collections for March.

Schedule of expected cash disbursements for inventory purchases for March.

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.

S&P Enterprises

Cash Budget

Excel result

Expected cash collections:
March cash collections	$5,100
March collections on account:
January sales	$5,500
February sales	$18,000
March sales	$6,000
Total cash collections	$34,600
Payments to suppliers:
Accounts payable for inventory purchases, beginning balance	$10,500
March purchases	$14,100
Total cash payments	$24,600
S&P Enterprises
Cash Budget
For the Month of March
Cash balance, March 1		$11,500
Add cash receipts:
Collection from customers		$34,600
Total cash available		$46,100
Less disbursements:
Payments to suppliers	$24,600
selling and administrative expenses	$9,300
Equipment purchases	$14,000
Dividends paid	$2,000
Total disbursements		$49,900
Cash balance before financing		-$3,800
Financing:
Borrowings		$13,800
Repayments
Interest
Total financing		$13,800
Cash balance, March 31		$10,000

please show me how to calculate these, specifically what numbers i need to use because everyone is providing me with excel calculations and they do not transfer over to my excell sheet.