Foxx Corporation is preparing its operating budgets for the current quarter covering the months of April, May, and June. The company sells its product for $$45$ per unit and expects to sell the following number of units: April, $30,000$; May, $40,000$; June, $50,000$; and July, $45,000.$ The company expects a gross margin of $40\%$ on sales. The company wants to have an inventory on hand at the end of each month equal to $5,000$ units plus $15\%$ of the following month's sales in units. This policy has been followed since January $1$ of the current year.

The company also expects to have the following operating expenses.

$\backslash$table$[[\backslash$table$[[$FOXX CORPORATION$],[$ESTIMATED OPERATING EXPENSES$],[$FOR CURRENT QUARTER$]],],[$Wages and Salaries Expense,$$,150,000$ per year$],[$Sales Commission Expense,,$5\%$ of sales$],[$Rent Expense,,$4,000$ per year$],[$Depreciation Expense,,$4,000$ per month$],[$Bad Debt Expense,$$,1,000$ per month plus $2\mathrm{.}5\%$ of sales$],[$Other Operating Expenses,,$]]$

All cash expenses are paid in the month in which they are incurred, except for sales commissions, which are paid in the month following their incurrence. Fixed expenses are assumed to occur evenly throughout the year.

REQUIRED: Using the attached schedules, prepare the following by month and in total for the second quarter of the current year. Round all calculations to the nearest whole dollar.

$(1)$ Sales budget.

$(2)$ Purchases budget.

$(3)$ Operating expenses budget.

$(4)$ Budgeted income statement.