=+8. Prepare a budgeted income statement for January.

The controller of Dash Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:

June July August Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $120,000 $150,000 $200,000 Manufacturing costs . . . . . . . . . . . . . . . . . . 50,000 65,000 72,000 Selling and administrative expenses . . . . . . 35,000 40,000 45,000 Capital expenditures . . . . . . . . . . . . . . . . . . — — 48,000