I believe I have Question 2, 4, and 5 wrong.

PAB-6 Preparing Operating Budgets for a Merchandising Firm [LO 8-5, 8-3a, f, g, h] Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information Quarter 1 39,000 Quarter 2Quarter 3 29,500 Quarter 4 59,000 Budgeted Unit Sales 59,000 .Each T-shirt is expected to sell for $14 The purchasing manager buys the T-shirts for $6 each .The company needs to have enough T-shirts on hand at the end of each quarter to fill 24 percent of the next quarter's sales demand Selling and administrative expenses are budgeted at $78,000 per quarter plus 16 percent of total sales revenue Required 1. Determine budgeted sales revenue for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Sales Revenue 546,000$ 826,000 413,000 2. Determine budgeted cost of merchandise purchased for each quarter Quarter1 Quarter2 Quarter 3 Budgeted Cost of Merchandise Purchased'$ 350 .400$ 415.36b $ 292.640 . 3. Determine budgeted cost of good sold for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Cost of Goods Sold 234,000 $ 354,000 177,000 4. Determine selling and administrative expenses for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Selling and Administrative Expenses 154,440$ 193,640 S 135,820; 5. Complete the budgeted income statement for each quarter. RED CANYON T-SHIRT COMPANY Budgeted Income Statement Quarter 1 Quarter 2 Quarter 3 Budgeted Sales Revenue Budgeted Cost of Goods Sold $ 546,000$826,000$ 413,000 234,000 354,000 177,000 Budgeted Gross Margin Budgeted Seling and Administrative Expenses $ 312,000$472,000$236,000 154,440 193,640 135,820 Budgeted Net Operating Income $ 157,560 278,360100,180