Cose B-33 (Algo) Master Budget with Supporting Schedules [L.08-2, L.08-4, L08-8, L08-9, LO8-10] bilow. The concentration of sales before and durng May is due to Mothers Doy. Sufficient inventory shrould be oni fand of the end of each month to supply 40 s of the eanngs sod in the following month. necintile Monihly ogeraung expenset for the company are given belaw: insutance s paid on an annual basik, in November of cach yoes The cnmpens bolance sheer os or March aras given belowe thide at the end of a moith The compsny has an agreement with a bank that ollows the company to bortow in increments of 51,000 at the beginnang of each mond. The irterest rate on these loans is 15 per morth and for simplicity we wir ossurme thot inferest is not compoinded. At the end ificeme ins of $5000, whe sill retaining at least $62000 in cash. Pequlrect: Rrepare at master budget for the three -month pertod ending June 30. include the following detated schedule. 1. A sales budget, by month and in toral. b. A schedule of expected cash coliections, by month ond th total. c. A merchandise purchsres budger in unis ond in dollans, Show the budget by monstr and in total d. A schedule of expected cash csbutsements for mefchandice purchoses. by month and in total 2. A cast budget. Show the budget by monti and in total. Determme any borrowing that would be needed to maintain the mintionum. coch bolance of $62000 3 A budgeted incone stotement for the three-month perfod ending June 30 Use the contribution approach. 4. A budgeted balance sheet as of June 30 Complete thes quettian for entering vour unswars in the tabs belew. Cose B-33 (Algo) Master Budget with Supporting Schedules [L.08-2, L.08-4, L08-8, L08-9, LO8-10] bilow. The concentration of sales before and durng May is due to Mothers Doy. Sufficient inventory shrould be oni fand of the end of each month to supply 40 s of the eanngs sod in the following month. necintile Monihly ogeraung expenset for the company are given belaw: insutance s paid on an annual basik, in November of cach yoes The cnmpens bolance sheer os or March aras given belowe thide at the end of a moith The compsny has an agreement with a bank that ollows the company to bortow in increments of 51,000 at the beginnang of each mond. The irterest rate on these loans is 15 per morth and for simplicity we wir ossurme thot inferest is not compoinded. At the end ificeme ins of $5000, whe sill retaining at least $62000 in cash. Pequlrect: Rrepare at master budget for the three -month pertod ending June 30. include the following detated schedule. 1. A sales budget, by month and in toral. b. A schedule of expected cash coliections, by month ond th total. c. A merchandise purchsres budger in unis ond in dollans, Show the budget by monstr and in total d. A schedule of expected cash csbutsements for mefchandice purchoses. by month and in total 2. A cast budget. Show the budget by monti and in total. Determme any borrowing that would be needed to maintain the mintionum. coch bolance of $62000 3 A budgeted incone stotement for the three-month perfod ending June 30 Use the contribution approach. 4. A budgeted balance sheet as of June 30 Complete thes quettian for entering vour unswars in the tabs belew