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2. Prepare a budgeted contribution format income statement for each of the first three months of 2021 and a budgeted balance sheet as at March

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2. Prepare a budgeted contribution format income statement for each of the first three months of 2021 and a budgeted balance sheet as at March 31st, 2021. 3. Prepare a budgeted absorption costing format income statement for each of the first three months of 2021. Also prepare a reconciliation of absorption costing net income to variable costing net income for each of the three months. 4. Complete the "Significant Numbers" worksheet. All these numbers will be used to assist in grading and must be referenced to your worksheets containing the full schedules in order to get any marks for that part. In this sheet you are simply required to reference the significant numbers from each of your responses as listed. It is important you DO NOT add or delete columns or rows on this sheet. It is highly recommended you complete this just before submitting your work and you do not use absolute references (any cell reference that has $ in it e.g., $A$1)

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