cas CC 4. Prepare the Budgeted Income Statement based on all of the information given above Label the budgets prepared in Steps 1-4 as budget scenario A. 5. Repeat steps 24 for budget scenarios Band C using the following Desired Ending Inventory assumptions: Ending Inventory B. 90% 10% 6. Write a brief analysis of the three inventory policies depicted in the budget scenarios A, B and Cand recommend a policy that the company should implement. Give reasons for your recommendation. Your write-up should be based on the results you obtained from the analyses in steps 1 5 above for each of the scenarios A, B, and C Assume that you are writing on behalf of a professional consultant advising the President of the company about the company's inventory policies Your write up should be in the form of a one page Memo to the President of the company. Organization, grammar, and spellingar important cas CC 4. Prepare the Budgeted Income Statement based on all of the information given above Label the budgets prepared in Steps 1-4 as budget scenario A. 5. Repeat steps 24 for budget scenarios Band C using the following Desired Ending Inventory assumptions: Ending Inventory B. 90% 10% 6. Write a brief analysis of the three inventory policies depicted in the budget scenarios A, B and Cand recommend a policy that the company should implement. Give reasons for your recommendation. Your write-up should be based on the results you obtained from the analyses in steps 1 5 above for each of the scenarios A, B, and C Assume that you are writing on behalf of a professional consultant advising the President of the company about the company's inventory policies Your write up should be in the form of a one page Memo to the President of the company. Organization, grammar, and spellingar important