ACCT- 322 Budgeting - Financial Modeling Assignment For this assignment, groups can be formed of up to 3 people. You also have the option of doing the assignment in pairs. Only one person in your group will submit a finalized master budget, so decide who that will be. The project will require you to use Microsoft Excel to complete and automate a budget. I am looking for your budgeting skills as well as your excel skills in this assignment. I want a professionally presented document. In a properly built spreadsheet, if the input numbers are changed, then all the supporting schedules should automatically update. Required: 1. Read the case "Cravat Sales Company". 2. Prepare the following budgets for the second quarter (April - June) using MS Excel. A Sales budget for April, May, and June and in total. A cash collection budget (from sales) for April, May, and June and in total. A purchase budget (inventory) in units and in dollars for April, May, and June and in total. A cash payment budget (for inventory) for April, May, and June and in total. A selling and admin. (operating) expenses budget for April, May, and June