Carreras Caf is a Spanish restaurant in a college town. The owner expects that the number of meals served in June will be 40 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 4,300 meals at an average price of $20. In the summer (June through August), the average price of a meal typically increases by 35 percent and the average food cost of a meal increases by 20 percent. Other costs are typically unchanged during the summer. The following cost information is available for May.

Service costs (variable with respect to meals)
Variable service costs (with respect to meals)
Food costs	$	10,600
Labor		16,900
Other variable costs		5,800
Fixed service costs		8,700
Total service costs	$	42,000
Marketing and administrative costs
Marketing (variable with respect to meals)		6,700
Administrative (fixed)		4,500
Total marketing and administrative costs	$	11,200
Total costs	$	53,200

Required:

Prepare a budgeted income statement for June. (Do not round intermediate calculations.)

Please answer all. I have no questions left. Thanks you in advance.

Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 9,000 parts in stock, although sales for June are estimated to total 12,800 parts. Total sales of parts are expected to be 12,500 in July and 10,800 in August. Parts are purchased at a wholesale price of $30. The supplier has a financing arrangement by which Lakeside Components pays 70 percent of the purchase price in the month when the parts are delivered and 30 percent in the following month. Lakeside purchased 12,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and July. Complete this question by entering your answers in the tabs below. Required A Required B Estimate purchases (in units) for June and July. June July Merchandise to be purchased in units Complete this question by entering your answers in the tabs below. Required A Required B Estimate the cash required to make purchases in June and July. Total Month of Payment June July