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Help Required information [The following information applies to the questions displayed below] The following trial balance was drawn from the records of Munoz Company as of October 1, 2018 Cash $21,000 7e,e00 45,e00 300,000 Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan $ 78,800 77,e00 200,000 60,000 20,200 $436,000 Common stock Retained earnings Totals $436,000 b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of 2018. The statements are prepared as of December 31, 2018. Complete this question by entering your answers in the tabs below. Co Next 3 4 of 4 3 4 of 4 Check my w Required information Required A1 Required A2 Required A3 Based on the following information, prepare a sales budget and a schedule of cash receipts for October, November, and December. Sales for October are expected to be $240,000, consisting of $50,000 in cash and $190,000 on credit. The company expects sales to increase at the rate of 15 percent per month. All accounts receivable are collected in the month following the sale. Show less& October November December Sales Budget Cash sales 50.000 57,500 S 66,125 Sales on account 190.000 218,500 251 275 Total budgeted sales S 240,000$ 276.000 S 317 400 Schedule of Cash Receipts Cash sales 50,000 57,500 66,125 Collections from accounts receivable 70,000 190,000 218,500 Total cash collections S 120,000 247,500 284.625 Required A2> Prev 2 3 4 of 4 Next> ONY Control music playback and navigate images with simple 2 Check Required information Based on the following information, prepare a purchases budget and a schedule of cash payments for inventory purchases for October, November, and December. The inventory balance as of October 1 was $45,000. Cost of goods sold for October is expected to be $77,000. Cost of goods sold is expected to increase by 10 percent per month. The company expects to maintain a minimum ending inventory equal to 25 percent of the current month cost of goods sold. 70 percent of accounts payable is paid in the month that the purchase occurs; the remaining 30 percent is paid in the following month. 1 of 3 Show less A Inventory Purchases Budget Book October November December Budgeted cost of goods sold 77,000 Terences Plus: Desired ending inventory Inventory needed Less: Beginning inventory 77,000 0 0 S 77,000 S Required purchases (on account) Schedule of Cash Payments Payment of current months accounts payable Payment for prior month's accounts payable Total budgeted payments for inventory $ CS Prev 2 34 of 4 Next > aw etien SONY Control music playback and te images with simple Required information Required A1 Required A2 ired A3 Based on the following selling and administrative expenses budgeted for October, prepare a selling and administrative expenses budget for October, November, and December. October November December Sales commissions S 7,900 $ 8,690 S 9,559 Supplies expense 2,400 2,640 2,904 Utilities 3,200 3,200 3,200 es Depreciation on store equipment 1,300 1,300 1,300 Salary expense 39,000 39,000 39,000 Rent 7,000 7,000 7,000 Miscellaneous 2,000 2,000 2.000 Total S&A expenses S 62,800 S 63.830 64,963 Required A2