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Use the following information to answer questions 27 - 32Silly Sally, Inc.Silly Sally, Inc. forecasts the following sales levels: January,$420; February, $435; March, $450; and April, $470. Historically,40% of its sales are for cash. Of the remaining sales, 80% arecollected in one month, 15% are collected in the second month,while the rest remain uncollected. November sales were $380 andDecember sales were $500. (all values $000)Purchases are made at 60% of the next month’s sales forecast,and are paid for in the month of purchase. Other cash outlays are:rent, $10 monthly; wages and salaries, $50 monthly; a tax paymentof $30 in March; an interest payment of $15 in March; and a plannedpurchase of $20 of new fixed assets in January.27. Refer to Silly Sally, Inc. What is the forecasted amount tobe collected from cash sales in March?$450$360$261$18028. Refer to Silly Sally, Inc. What are forecasted total cashcollection for January?$420$442$168$24029. Suppose Silly Sally, Inc. forecasts an ending cash balanceof $20, its minimum desired balance, in January. If February’sforecasted cash expenditures are $400, which of the followingdescribes the changes to Silly Sally’s cash balance and level ofborrowing, if any, related to its minimum cash balance, at the endof February?net cash flows of $21; borrowing will increase $21net cash flows of $21; borrowing will decrease $21net cash flows of $11; borrowing will increase $9net cash flows of $11; borrowing will decrease $930. What are Silly Sally’s forecasted cash outflows forFebruary?a. $270 b. $330 c. $395 d. $45031. What is Silly Sally’s change in cash for March?$40 increase in cash$40 decrease in cash$85 increase in cash$20 increase in cash32. Suppose Silly Sally experiences a change in customer paymentpatterns in accounts receivable, so that payments are now 30% incash, and of the credit sales, 60% are collected in one month, 35%are collected in the second month, with the rest uncollected. Whatis the new forecasted collection for January, and how much is thisdifferent from the original forecast?$408; $72 higher$336; $93 lower$442; $13 higher$429; $13 lower