lar.) ry a. Sales in April were $50,000. You forecast that monthly sales will increase 12% in May and an additional 3% in June. b. Sally's Suits maintains inventory of $7,000 plus 20% of the sales revenues budgeted for the ailable f following month. Monthly purchases average 50% of sales revenue in that same month. Actual inventory on April 30 is $18,200. Sales budgeted for July are $50,000. c. Monthly salaries amount to $5,000. Sales commissions equal 10% of sales for that month. Combine salaries and commissions into a single figure. d. Other monthly expenses are as follows: Rent expense . . . . $2,000, paid as incurred Depreciation expense ..... . $500 Insurance expense . . . ..... .$400, expiration of prepaid amount Income tax . .. 20% of operating income