These aren't the answers to the problem just the format and questions to A through I. I would be very appreciative if this was completed in full!

Waterways Corporation is preparing its budget for the coming year, 2025. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31,2024 , totaled $181,800. Direct Materials Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31,2024 totaled 11,220 pounds. Payment for materials is made within 15 days 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31,2024 , totaled $120,595. The Cash balance on December 31,2024 , totaled $99,000, but management has decided it would like to maintain a cash balance of at least $700,000 beginning on January 31,2025 . Dividends are paid ach month at the rate of $2.50 per share for 5,040 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1,000 ncrements at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $530,000 equipment purchase is planned for February. (a) Prepare a sales budget. (b) Prepare a production budget. (c) Prepare a direct materials budget. (Round to nearest dollar) (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) (e) Prepare a manufacturing overhead budget. (Round amounts to the nearest dollar.) A schedule of expected cash collections for Jan, Feb, and Marrh (h) Prepare a schedule for expected payments for materials purchases. (Round totals to nearest dollar) A schedule of expected cash Payments for Jan, Feb, and (i) Prepare a cash budget. Waterways Corporation Cash Budget For the Three Months Ending March 31 \begin{tabular}{llll} \hline & Jan & Feb & March \\ \hline Cash balance, beginning & 100,500 & 842,858 & 1,136,392 \\ \hline Add receipts from customers & 1,336,380 & 1,350,900 & 1,385,700 \\ \hline Total cash available & 1,436,880 & 2,193,758 & 2,522,092 \end{tabular} Less disbursements: \begin{tabular}{llll} \hline payments for materials purchases & 205,664 & 169,858 & 172,815 \\ \hline Direct Labor cost & 22,598 & 22,578 & 23,388 \\ \hline Manufacturing Overhead & 81,060 & 81,030 & 82,245 \\ \hline Selling and Administrative & 272,200 & 271,400 & 277,000 \\ \hline Dividends paid & 12,500 & 12,500 & 12,500 \\ \hline Equipment purchases & - & 500,000 & - \end{tabular} Total disbursements 594,0221,057,366567,948 Excess (deficiency) of receipts over 842,8581,136,3921,954,144 disbursements Financing: Borrowings Repayments Interest Total financing Cash balance, ending 842,8581,136,3921,954,144