Data Table a. Sales in April were $50,000. You forecast that monthly sales will increase 12% in May and an additional 4% in June b. Designer Dresses maintains inventory of $7.000 plus 30% of the sales revenues budgeted for the following month. Monthly purchases average 50% of sales revenue in that same month. Actual inventory on April 30 is $23,800. Sales budgeted for July are $70,000 c. Monthly salaries amount to $3,000. Sales commissions equal 10% of sales for that month. Combine salaries and commissions into a single figure. d. Other monthly expenses are as follows: Rent expense Depreciation expense nsurance expense income tax $2 200, paid as incurred $500 $200. expiration of prepaid amount 20% of operating income Print Done for May and June The budget committee of Designer Dresses, an upscale women's clothing reale, has assembled the following data As the business manager, you must prepare the budgeted income Click the icon to view the information to prepare the budget) Requirement Prepare Designer Dresses budged income statements for May and June Show cost of goods sold computations Before completing the budgeted income statements, compute the budgeted cost of goods sold for May and June (Round your answers to the nearest whole dollar) June Beginning inventory Purchases Cost of goods available for sale Ending on Cost of goods and Now.complete the budgeted income statements for May and June Round your answers to the nearest whole dar) Designer Dresses Budgeted Income Statements For the Months Ended May 31 and June 30 May Sales revenue Cost of goods sold Gross profit Operating expenses: Salaries and commission expense Rent expense Depreciation expense Insurance expense Operating income Income tax expense Net income (loss) Choose from any list or enter any number in the input fields and then continue to the next