You will only prepare the first quarter's $($January$,$ February, March$)$ budget. Please check your group number and work on that particular Excel.

The DM purchases payment policy $(\%$x cash in the month of purchase and $\%100-$x in the following month$)$ is applicable beginning in January.

To find the tax expense, here is the taxable income formula reminder $-->$ Taxable Income $=$ Income from Operations$($or EBIT$)-$ Interest Expense $-->$ Tax Expense $=$ Taxable Income x Tax Rate

Show me your work and try to use basic Excel formulas like summing up $(+),$ substracting $(-),$ or dividing $(/).$ Tie relevant Excel cells to each other.