bMAL 'JJU Required Action: Part A: - Prepare the year-end balance sheet for 2015. Be sure to use proper headings. - Prepare budgets such that the pro-forma financial statements for the first quarter of 2016 maj.r be prepared. 0 Sales budget, including budgeted sales for April. - Purchases budget, the budgeted cost of goods sold for each month and quarter, and the cost of the March 31 budgeted inventory. 0 Selling expense budget. 0 General and administrative expense budget