The following information is available for the Perlmuter Printing Supply Company.

Required:

a. Prepare budgeted balance sheets for July, August, and September 2004.

b. Prepare budgeted statements of cash flows for July, August, and September 2004.

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Perlmuter Printing Supply Company Sales Budget For the Quarter Ended September 30, 2004 Budgeted Sales Dollars July $90,000 August September $80,000 $70,000 Perlmuter Printing Supply Company Cost of Goods Sold Budget For the Quarter Ended September 30, 2004 Budgeted Cost of Goods Sold July $54,000 Salaries and Wages Rent Depreciation Other Total August September $48,000 $42,000 Perlmuter Printing Supply Company Selling and Administrative Expense Budget For the Quarter Ended September 30, 2004 July August September $12,600 $12,000 $11,800 1,000 1,000 1,000 1,800 1,800 1,800 3,800 3,000 2.900 $19,200 $17,800 $17,500