Kama Comer Shoppe is a local convenience store with the following information (Click the icon to view the information.) Read the requirements Data table Requirement 1. Prepare the sales budget for November and December Karma Comer Shoppe Sales Budget For the Months of November and December Cash sales Credit sales Total sales November Requirements December Prepare the following budgets for November and December 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement October sales were $280,000 Sales are projected to go up by 10% in November (from the Octuber sales and another 25% in December (from the November sales) and then retum to the October level in January 25% of sales are made in cash, while the remaining 75% are paid by credit or debt cards. The credit card companies and banks (debit card issues) charge 2% transaction fee and deposit the net amount isales price less the fransaction fee) in the store's bank account daly Karma Comer Shoppe's gross profit is 20% of sales revenue For the next several months, the store wants to maintain an ending merchandise inventory equal to $16,000 10% of the next month's cost of goods sold The September 30 inventory was $38,400 Expected monthly operating expenses include Wages of store workers are $8.500 per month Utites expense of $1,800 in November and $1,000 in December Property tax expense of $2.400 per month Property and lablity insurance expense of $1,000 per month Depreciation expense of $5,000 per mon Transaction fees, as stated above are 23 of credit and debit card sales Print Done Print Done - X