borrowing is at the beginning of the month, and all repayment is at the end of the month. Money is never repaid at the end of the month it is borrowed. Required . Prepare a purchases budget for each month of the second quarter ending June 30, 2017. Prepare a cash receipts schedule for each month of the second quarter ending June 30, 2017. Do not include borrowings. Prepare a cash disbursements schedule for each month of the second quarter ending June 30, 2017. Do not include repayments of borrowings. Prepare a cash budget for each month of the second quarter ending June 30, 2017. Include budgeted borrowings and repayments. Prepare an income statement for each month of the second quarter ending June 30, 2017. . Prepare a budgeted balance sheet as of June 30, 2017