Camden Company is a retail company that specializes in selling outdoor camping equipment The company is considering opening a new store on October 1, year 1 The company president formed a planning committee to prepare a master budget for the first three months of operation As budget coordinator, you have been assigned the following tasks Required October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit The company expects sales to increase at the rate of 8 percent per month Prepare a sales budget The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale Prepare a schedule of cash receipts The cost of goods sold is 60 percent of sales The company desires to maintain a minimum ending inventory equal to 10 percent of the next months cost of goods sold However, ending inventory of December is expected to be $6,000 Assume that all purchases are made on account Prepare an inventory purchases budget The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month Prepare a cash payments budget for inventory purchases Budgeted selling and administrative expenses per month follow Salary expense (fixed) $ 9,000 Sales commissions 5 of Sales Supplies expense 2 of Sales Utilities (fixed) $ 700 Depreciation on store fixtures (fixed) $ 2,000 Rent (fixed) $ 2,400 Miscellaneous (fixed) $ 600 The capital expenditures budget indicates that Camden will spend $82,000 on October 1 for store fixtures, which are expected to have a $10,000 salvage value and a three year (36 month) useful life Use this information to prepare a selling and administrative expenses budget Please show how to Prepare a pro forma balance sheet at the end of the quarter Please prepare a pro forma statement of cash flows for the quarter Please answer and provide proof of the following tables Complete this question by entering your answers in the tabs below Required A Required B Required C Required D Required E Required F Required G Required H Required I Required) Prepare a pro forma income statement for the quarter CAMDEN COMPANY Pro Forma Income Statement For the Quarter Ended December 31, Year 1 0 0 $ 0 Complete this question by entering your answers in the tabs below Required A Required B Required C Required D Required E Required F Required G Required H Required I Required) Prepare a pro forma balance sheet at the end of the quarter (Amounts to be deducted should be indicated by a minus sign ) CAMDEN COMPANY Pro Forma Balance Sheet December 31, Year 1 Assets 0 Total assets $ 0 Liabilities Equity Total liabilities and equity $ 0

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Camden Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year

Camden Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks.

Required

October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 8 percent per month. Prepare a sales budget.
The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts.
The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next months cost of goods sold. However, ending inventory of December is expected to be $6,000. Assume that all purchases are made on account. Prepare an inventory purchases budget.
The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases.
Budgeted selling and administrative expenses per month follow.


Salary expense (fixed)	$	9,000
Sales commissions		5	% of Sales
Supplies expense		2	% of Sales
Utilities (fixed)	$	700
Depreciation on store fixtures (fixed)*	$	2,000
Rent (fixed)	$	2,400
Miscellaneous (fixed)	$	600

*The capital expenditures budget indicates that Camden will spend $82,000 on October 1 for store fixtures, which are expected to have a $10,000 salvage value and a three-year (36-month) useful life.

Use this information to prepare a selling and administrative expenses budget.

Please show how to Prepare a pro forma balance sheet at the end of the quarter.

Please prepare a pro forma statement of cash flows for the quarter.

Please answer and provide proof of the following tables:

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Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Required H Required I Required) Prepare a pro forma income statement for the quarter. CAMDEN COMPANY Pro Forma Income Statement For the Quarter Ended December 31, Year 1 0 0 $ 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Required H Required I Required) Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.) CAMDEN COMPANY Pro Forma Balance Sheet December 31, Year 1 Assets 0 Total assets $ 0 Liabilities Equity Total liabilities and equity $ 0