Each T$-$shirt is expected to sell for $$19.$

The purchasing manager buys the T$-$shirts for $$8$ each.

The company needs to have enough T$-$shirts on hand at the end of each quarter to fill $29$ percent of the next quarter's sales demand.

Selling and administrative expenses are budgeted at $$66,000$ per quarter plus $15$ percent of total sales revenue.

Required:

Determine budgeted sales revenue for each quarter.

Determine budgeted cost of merchandise purchased for each quarter.

Determine budgeted cost of good sold for each quarter.

Determine selling and administrative expense for each quarter.

Complete the budgeted income statement for each quarter.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Required $4$

Required $5$

Complete the budgeted income statement for each quarter.

$\backslash$table$[[$RED CANYON T$-$SHIRT COMPANY$],[$Budgeted Income Statement$],[,$Quarter $1,$Quarter $2,$Quarter $3],[$Budgeted Sales Revenue,$$627,000vv,$$$1,007,000,$$$,160,050x$ PLEASE COMPLETE ALL $5$ PARTS