$1$ Green Lawn Company sells garden supplies. Management is planning its cash needs for the second quarter. The following information has been assembled to assist in preparing a cash budget for the quarter.

a Budgeted monthly income statements for July to October are as follows

$\backslash$table$[[\backslash$table$[[$Sales$],[$Cost of goods sold$],[$Gross margin$],[$Less: Operating expenses:$],[$Selling expense$],[$Administrative expense$*],[$Total operating expenses$],[$Net income.$]],$July,August,September,October$],[$$$540,000,$$$780,000,$$$460,000,$$$380,000$