Given:

Fill in grey cells (identical formatting please)

\begin{tabular}{|c|c|} \hline & First Year of Operations - 2024 \\ \hline Quarterly Sales Budget & Each Quarter \\ \hline Budgeted Sales in Units & 10,000 \\ \hline Unit Selling Price & 9 \\ \hline Percentage of sales collected in the quarter of sale & 60% \\ \hline Percentage of sales collected in the quarter after sale & 40% \\ \hline \multicolumn{2}{|l|}{ Quarterly Merchandise Purchases Budget } \\ \hline Cost of each unit & 2 \\ \hline Desired Ending Merchandise Inventory in units & 5,000 \\ \hline \multicolumn{2}{|l|}{ Quarterly SG\&A Expense Budget } \\ \hline Variable SG\&A expense per unit & $ \\ \hline \multicolumn{2}{|l|}{ Fixed SG\&A Expenses per quarter: } \\ \hline Advertising & 100 \\ \hline Owner/Operator Salary & 200 \\ \hline Insurance & 300 \\ \hline Headquarters Rent & 400 \\ \hline Depreciation & 500 \\ \hline Property Tax & 600 \\ \hline \multicolumn{2}{|l|}{ Capital Expenditures Budget } \\ \hline Purchases of fixed assets & 10,000 \\ \hline \end{tabular} *If ending cash is negative, that's ok far this exercise. However, this means your conpany would overidraw your bank account and wouldneed to borrow money? *there are no taxes nor any other expenses for your company, so the above is all you need for net income \begin{tabular}{|c|c|} \hline & Budgeted Balance Sheet \\ \hline & For the Year Ended December 31, 2024 \\ \hline & Full Year \\ \hline & ASSETS \\ \hline \multicolumn{2}{|l|}{ CurrentAssets: } \\ \hline Cash & \\ \hline \multicolumn{2}{|l|}{ Accounts Receivable } \\ \hline \multicolumn{2}{|l|}{ Inventory } \\ \hline \multicolumn{2}{|l|}{ Total Current Assets } \\ \hline \multicolumn{2}{|l|}{ Eixed Assets } \\ \hline Building & 300,000 \\ \hline \multicolumn{2}{|l|}{ Fixed Assets Purchased } \\ \hline Accumulated Depreciation & (2,000) \\ \hline \multicolumn{2}{|l|}{ Total Fixed Assets } \\ \hline Total Assets & \\ \hline \end{tabular} Liabilities \& Stockholders' Equity Gurrent Liabilities: Accounts Payable Stockholders' Equity: Common stock, no par Retained Earnings Total Liabilities \& Stockholders' Equity check if Assets =L+E PASSES