Data Table - X a. Sales in April were $50,000. You forecast that monthly sales will increase 12% in May and 5% in June. b. Paperclip Office Supply maintains inventory of $10,000 plus 25% 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 $24,000. Sales budgeted for July are $65,000. c. Monthly salaries amount to $3,000. Sales commissions equal 12% of sales for that month. Combine salaries and commissions into a single figure. d. Other monthly expenses are as follows: Rent expense $2,200, paid as incurred Depreciation expense $900 Insurance expense $200, expiration of prepaid amount 20% of operating income Income tax Print Done e AA May June Sales revenue a. b. Cost of goods sold Gross profit Operating expenses: Salaries and commission expense C. Rent expense d. Depreciation expense Insurance expense Operating income Income tax expense Net income (loss) Enter any number in the edit fields and then cliol