Current Attempt in Progress In September 2022, the budget committee of Blue Spruce Company assembles the following data: 1. Expected Sales October $1,840,000 November 1.710,000 December 1,560,000 Cost of goods sold is expected to be 60% of sales. Desired ending merchandise inventory is 30% of the next month's cost of goods sold. The beginning inventory at October 1 will be the desired amount 2. 3. 4 Prepare the budgeted Income statement for October through gross proht on sales, including a cost of goods sold schedule, BLUE SPRUCECOMPANY Budgeted Income Statement PORE US CUM SACCHETUR VETUVIUS! B105prom URSICS, TRETUNG a tutur BUVUS-DUTU SLICUUICH BLUE SPRUCECOMPANY Budgeted Income Statement eTextbook and Media Pharoah Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono $172,000 Project Edge Project Clayton $182,000 $202,000 Capital investment Annual net income Year 1 14,700 18,900 28,350 2 14.700 17.850 24.150 3 14,700 16,800 22,050 4 14,700 12,600 13,650 5 14.700 9.450 12,600 Total $73.500 $75,600 $100,800 Depreciation is computed by the straight line method with no salvage value. The company's cost of capitalis 15%. (Assume that cash flows occur evenly throughout the year) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.ge Project Bono years Project Edge years Project Clayton years