a. Sales in Aprit are expected to be 5180,000 . Ruler forecasts that monthly sailes wit increase 2th over Aprit sabes in May. June's sales wil increase by 4% over Aprif talos. July sales will increase 20\% over April sales. b. Ruler maintains inventory of 37,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenise. c. Monthly salaries amount to $5,000. Sales cominissions equal 5% of saies for that month. d. Other monthly expenses are as follows: - Rent: \$3,400 - Depreciation: $700 - insurances $300 - Income tac $2,300 Requirement 1. Prepare Ruler's sales budget for April and May 2024. Round all amounts to the nearest dollar. Requirement 2. Prepare Ruler's inventory, purchases, and cost of goods sold budget for April and May. Requirement 3. Prepare Ruler's selling and administrative expense budget for April and May