1. Compute the budgeted cash receipts for Iguana. 2. Compute the budgeted cash payments for Iguana. 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $12,000 minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the budgeted cash receipts for Iguana. Note: Do not round your intermediate calculations. Round final answers to 2 decimal places. Budgeted Cash Receipts April May June 2nd Quarter Total $ 0.00 < Required 1 Required 2 > 1. Compute the budgeted cash receipts for Iguana. 2. Compute the budgeted cash payments for Iguana. 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $12,000 minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the budgeted cash payments for Iguana. Note: Do not round your intermediate calculations. Round final answers to 2 decimal places. Budgeted Cash Payments April May June 2nd Quarter Total $ 0.00 < Required 1 Required 3 > Complete Iguana's budgeted income statement for quarter 2. Note: Round cost per unit in intermediate calculations to 2 decimal places. Answer is complete and correct. Budgeted Sales Revenue Budgeted Cost of Goods Sold Budgeted Gross Margin Budgeted Selling and Administrative Expense Budgeted Net Operating Income IGUANA, INCORPORATED Budgeted Income Statement For the Quarter Ending June 2nd Quarter April May June Total $ 9,000 $ 6,060 10,500 $ 13,500 $ 33,000 7,070 $ 9,090 $ 22,220 $ 2,940 $ 3,430 $ 4,410 $ 10,780 1,030 1,060 $ 1,120 $ 3,210 $ 1,910 $ 2,370 $ 3,290 $ 7,570