Below are the sales target for Company A for the months of July, August and September 2021. July August 29'000 September 32'000 Sales unit 15'000 The selling price per unit RM450 Additional Information: ix. Collection of 50% of the monthly sales volume will be made in the month of sales made while 30% of the total sales will be collected in the first month after the sale is done and the remaining balance will be collected in the second month after the sale done, x. The final inventory of each month is set equal to 70% of the next month' sales. xi. The cost of goods sold for each month is 45% of the current month sales. xii Sales unit in May, June and October 2021 were 8500, 10500 and 35000 respectively. xiii. Payment practices for each inventory purchase made by the company is 40: 50 : 10 which is 40% of the current month purchases will be made on current month while 50% of the purchase will be paid in the first month after the purchase is made and another 10% will be settled in the second month after the purchases is made. xiv. The company fixed expenses are as follows: Salaries Expenses RM 4000 Rental Expenses RM 1500 Utilities Expenses Rm 900 Insurance Expenses RM 800 Depreciation Expenses RM 400 xv. The company' variable expenses are as follows: Commission expenses 20% of the current month' total sales Shipping expenses 15% of the current month' total sales xvi. Inventory at the end of April was RM2'677'500. Based on the information, prepare: (a) Sales and Administrative Expenditure Budget for July, August and September. (b) Profit and Loss Statement and Other Comprehensive Income Budget for the quarter third year of 2021