3. Prepare an income statement that computes net operating income for the quarter ended Septem 4. Prepare a balance sheet as of September 30. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req3 Req 4 Prepare a balance sheet as of September 30. Beech Corporation Balance Sheet September 30 Assets Total assets $ 0 Liabilities and Stockholders' Equity Total liabilities and stockholders' equity $ 0 Req3 The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reportsthe number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost per Cost per Month Course $2,960 Cost per Student $260 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 70 $1,210 $4,700 $2,000 $4,000 $ 43 $ 5 For example, administrative expenses should be $4,000 per month plus $43 per course plus $5 per student. The company's sales should average $860 per student. The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $50, 420 $11,120 $ 15,970 $ 1,900 $ 4,700 $ 2,140 $ 3,908 Required: 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September. Complete this question by entering your answers in the tabs below