ACG 2071 A company has prepared the operating budget and the cash budget

3 multiple choice please need quick answering1. A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________.schedule of cash paymentsinventory, purchases, and cost of goods sold budgetdirect materials budgetselling and administrative expenses budget2. Fulkron, Inc. provides the following data taken from its third quarter budget:JulAugSepCash collections$68,000$34,000$42,000Cash payments:Purchases of direct materials31,00032,00025,000Operating expenses11,00019,00020,000Capital expenditures034,0007,000The cash balance on June 30 is projected to be $12,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.$38,000$34,000$13,000$23,0003. Chatelain Company is preparing its budget for the third quarter. The cash balance on June 30 was $34,000. Additional budgeted data are provided here:JulAugSepCash collections$52,000$52,000$54,000Cash paymentsPurchases of direct materials19,00018,00019,000Operating expenses26,00024,00027,000Capital expenditures11,00010,00014,000What amount should be shown in the cash budget for the cash balance at the end of July?$30,000$108,000$22,000$86,000