I am looking for help with the Balance Sheet and the Budgeted Income Statement please

eptember October Most likely sales 600,000 910,000 475,000 385,000 PURCHASIHG MAHAGER PRIYATE IHFORMATIOH Most likely cost of merchandise as % of sales Desired endinq inventory as percentage of next month's cost of $ales 45% 20% OPERATIOH MAHAGER PRIYATE IHFORMATIOH Most likely shippinq expenes percen Most likely other expense"53 percent of sales Salaries and wages [per month Most likely advertising costs [per monthl Most likely insurance coste [per month Depreciation expense [per month) 5.0% 8,0% 85,000 50,000 3.000 25,000 FIHAHCE MAHAGER PRIYATE IHFORMATIOH Percent sales collected in month of sale Percent sales collected in month after sal 30% 70% Percent of inventory purchases paid in month of purchase Percent of inentory purchaes paid in month after purchase 50% 50% Percent of operating expenses paid in month of purchae Percent of operating expenses paid in m onth after purch Desired minimum ending cash balance each month Borrow in increments of Monthly interest rote on borrowings Inot co 0% 35.000 1% Other planned outlays of cash Copital expenditures Dividends 200,00 90,00 50,000 SRS Edacational Sapply Co pan Balance Sheet Prerious Year End Cash Accounts receivable Inventor Prepaid insurance 40,000 340,000 50,000 Total current assets Buildings and equipment Inet] TOTAL ASSETS $448,000 L 860000 11308000 Accounts payable Notes payable Total liabilities Stockholder's equity Copital stock Retained earnings Total equity $130,000 $420,000 1178000 TOTAL LIABILITIES AND EC Instructions Milestone One Instructions Part Il Assumption:s SRS Educational Supply Company Balance Sheet September 30th Assets Current Assets: Cash Accounts receivable Inventory Prepaid Insurance Total Current Assets Buildings and Equipment (Net) Total Assets Liabilities and Equity Accounts Payable Notes Payable Stockholder's Equity Capital Stock Retained Earnings Total Liability and Equity SRS Educational Supplies Company Budgeted Income Statement For the Quarter Ended September 30th 3 Cost of Goods Sold Gross Margin Selling and Administrative Expenses Salaries and Wages Advertising Prepaid Insurance Depreciation Net Operating Incomes Less Interest Expense Net Income