this question have four different questions linked to the information- i was able to figure out two of them but other two of them are related to each other and for some reason i kept getting errors so any chance you can show me I was supposed to answer it correctly? the question was to to make a marchandise purchase budget then a schedule of expected cash disbursement for merchandise purchases. I have attached the information that needed are below and the two pictures of the graphs so you can see what i am dealing with.

thank you!

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:

1. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances:

Cash $56,000

Accounts receivable212,800

Inventory60,150

Buildings and equipment (net)366,000

Accounts payable$89,925

Common stock500,000

Retained earnings105,025

$694,950

$694,950

1. Actual sales for December and budgeted sales for the next four months are as follows:

December(actual) $266,000

January $401,000

February $598,000

March $313,000

April $209,000

1. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
2. The company's gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
3. Monthly expenses are budgeted as follows: salaries and wages, $31,000 per month: advertising, $65,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $44,660 for the quarter.
4. Each month's ending inventory should equal 25% of the following month's cost of goods sold.
5. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
6. During February, the company will purchase a new copy machine for $2,600 cash. During March, other equipment will be purchased for cash at a cost of $78,000.
7. During January, the company will declare and pay $45,000 in cash dividends.
8. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Complete this question by entering your answers in the tabs below. Required 1 Required ZA Required 28 Required 3 Complete the merchandise purchases budget: Merchandise Purchases Budget January February March Quarter Budgeted cost of goods sold 240 600 5 358 800 Add desired ending inventory 89 7001 Total needs 330.300 358.800 Less beginning inventory 60.150 Required purchases 5 270 150 5 358, 800 $ *5401 000 sales * 60% cost ratio = 5240 600 15358 800 - 25% = 589.700