URGENT: Please assist. Carefully note that I have completed sections A and B and i confirmed that they are correct. I only need help with this portion of section C. please state how you have arrived at the numbers in this part so that I may fully understand it. Thank you for your help.

Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through September April (actual) May (actual) June (forecast) July (forecast) August (forecast) September (forecast) Sales $330,000 310,000 285,000 285,000 300,000 340,000 Purchases $131,000 121,000 121,000 181,000 201,000 171,000 The company makes 10 percent of its sales for cash and 90 percent on credit. Of the credit sales, 10 percent are collected in the month after the sale and 90 percent are collected two months after. Ellis pays for 40 percent of its purchases in the month after purchase and 60 percent two months after. Labour expense equals 10 percent of the current month's sales. Overhead expense equals $12,100 per month. Interest payments of $30,500 are due in June and September. A cash dividend of $50,500 is scheduled to be paid in June. Tax payments of $25,100 are due in June and September. There is a scheduled capital outlay of $310,000 in September. Ellis Electronics' ending cash balance in May is $20,500. The minimum desired cash balance is $15,500. a. Prepare a schedule of monthly cash receipts for June through September. a. Prepare a schedule of monthly cash receipts for June through September $ Sales Credit sales Cash sales Collections in month after sale Collections second month after sale April $ 330000 297000 33000 Ellis Electronics Cash Receipts Schedule May June $ 310000 $ 285000 279000 256500 31000 28500 29700 27900 267300 July 285000 256500 28500 25650 251100 August 300000 270000 30000 25650 230850 September $ 340000 306000 34000 27000 230850 Total cash receipts 323700 305250 286500 291850 b. Prepare the monthly cash payments for June through September Ellis Electronics Cash Payments Schedule April May $ 131000 $ 121000 $ 52400 $ Purchases Payments in the month after purchase Payments second month after purchase Labour expense Overhead Interest payments Cash dividend Taxes Capital outlay June 121000 48400 78600 28500 12100 30500 50500 25100 July 181000 48400 72600 28500 12100 August $ 201000 72400 72600 30000 12100 September $ 171000 80400 108600 34000 12100 30500 25100 310000 Total cash payments $ 273700 $ 161600 $ 187100 $ 600700 c. Prepare a complete monthly cash budget with borrowing and repayments for June through September. The maximum desired cash balance is $50,100. Excess cash (above $50,100) is used to buy marketable securities, Marketable securities are sold before borrowing funds in case of a cash shortfall (less than $15,500). (Do not leave any empty spaces: Input a O wherever it is required. Negative answers and amounts to be deducted should be indicated by a minus sign.) Ellis Electronics Cash Budget June $ 323700 $ -273700 Cash receipts Cash payments July 305250 161600 August $ 286500 -187100 September $ 291850 600700 50000 143650 Net cash flow Beginning cash balance 99400 308850 Cumulative cash balance Monthly borrowing or (repayment) Cumulative loan balance Marketable securities purchased Marketable securities sold Cumulative marketable securities Ending cash balance