Big Boss Project Big Boss Limited was formed two years ago by Joshua Sealers. He had the idea to make a product for Quick Service Restaurants that would be easy and convenient to prepare. He bought several used plant and equipment from a company that was involved in making a similar product but was leaving the industry. Big Boss estimated that the equipment would be able to last for 10 years once it was properly maintained. He called his finished product "Sweet". The budget for the next four months ending 31 July 2023 is to be prepared. The following data was gathered: [A]Projected Statement of Financial Position as at 31 March 2023

Big Boss Project Big Boss Limited was formed two years ago by Joshua Sealers. He had the idea to make a product for Quick Service Restaurants that would be easy and convenient to prepare. He bought several used plant and equipment from a company that was involved in making a similar product but was leaving the industry. Big Boss estimated that the equipment would be able to last for 10 years once it was properly maintained. He called his finished product "Sweet". The budget for the next four months ending 31 July 2023 is to be prepared. The following data was gathered: [A] Projected Statement of Financial Position as at 31 March 2023: $ $ ASSETS Non-current Assets Plant and equipment at cost 1,440,000 Less Accumulated depreciation 288,000 1,152,000 Current Assets Raw materials 30,750 Finished goods 38,750 Accounts Receivables 200,000 Cash 554,250 823,750 1,975.750 EQUITIES AND LIABILITIES Capital Share capital 1,147,300 Accumulated profits (Retained Earnings) 600,000 1,747,300 Current Liabilities Accounts Payables 228.450 1,975,750 [B] Sales and production data: Sweet Sales demand for finished goods: April 5,000 units May 7,500 units June 12.500 units