Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak sales of lawn care equipment during May. It gathered the following information to prepare a cash budget for the quarter:

a$.$ Btudgeted monthly absorption costing income statements for April$-$July are:

$\backslash$table$[[\backslash$table$[[$Sales$],[$cost of goods sold$],[$Gross margin$],[$selling and administrative expenses:$]],$April,May,June,July$],[$$$710,000,$$$880,000,$$$590,000,$$$490,000$