Citrus Girl Company $($CGC$)$ purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

Expected monthly sales for April, May, June, and July are $$180,000,$$$150,000,$$$270,000,$ and $$50,000,$ respectively.

Cost of goods sold is $45$ percent of expected sales.

CGC$\text{'}$s desired ending inventory is $55$ percent of the following month's cost of goods sold.

Monthly operating expenses are estimated to be:

Salaries: $$33,000.$

Delivery expense: $8$ percent of monthly sales.

Rent expense on the warehouse: $$2,500.$

Utilities: $$500.$

Insurance: $$330.$

Other expenses $$430.$

Required:

Compute the budgeted cost of purchases for each month in the second quarter.

Complete the budgeted income statement for each month in the second quarter.

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Required $2$

Compute the budgeted cost of purchases for each month in the second quarter.

$\backslash$table$[[$Total Cost of Budgeted Purchases,April,May,June$]]$