ab] Managerial Accounting Lab 1 EXERCISE 1-1 Differentiating Between Managerial and Financial Accounting [LO1 - CC2] Classify the following activities as primarily managerial accounting or financial accounting: a. Preparing a cash budget for the next quarter. b. Analyzing the profitability of a request from a potential customer. c. Accumulating the transactions for the previous six months to prepare an income statement. d. Preparing a weekly performance report for the branch manager. e. Preparing an announcement to be released to the financial analysts.