Can someone answer question 3-19 3-20 and 3-21. They want the sales budget and purchase budget. I have included an example of what the sales budget and purchase budget look like.

3-16 How is ine tas each other? 3- Why is the cash budget not the same as the projected income state 17 cluded on the projected income statement are not included on the cash XWhat s need to learn the 3-18 In evaluating a company's performance. causes of differences between actual and budgeted amounts? Applying Your Knowledge 3-19) Jaime's Hat Shop sells hats with college logos on them; the hats sell for $22 year, Jaime's expects to sell 350 hats in May. 300 in June, 400 in July, 800 in A 1,040 in September, and 750 in October. On average, 25 percent of its c pur- chase on credit. Jaime's allows those customers to pay for their purchases the mo after they have made their purchases month Required: Prepare a sales budget for Jaime's Hat Shop for the third quarter of this Refer to 3-19. Company policy is to plan to end each month with an endin er of this year. 3-20 equal to 20 percent of the next month's projected sales. Jaime's pays $8 for each hat that it purchases. Jaime and his supplier have an arrangement that allows Jaime's Ha Shop to pay for each purchase 60 days after the purchase. Required: Prepare a purchases budget for the third quarter of this year for Jaime's Hat Shop. 3-21 Refer to 3-19. jaime's ended the second quarter of this year with 60 hats on hand