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Make a pro forma income statement and balance sheet from this information? (a) Sales budget Expected unit sales Unit selling price Total sales (b) Collections

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(a) Sales budget Expected unit sales Unit selling price Total sales (b) Collections from customers Accounts April credit sales May credit sales June credit sales Total cash receipts (c) Purchases budget Budgeted cost of goods sold Desired ending inventory Total goods needed Expected beginning inventory Total purchases NORDIC COMPANY Sales Budget For the Second Quarter Quarter s 150.000 s 200.000, s NORDIC COMPANY Cash Receipts Budget For the Second Quarter June uarter 72.000 40,000 24,000 30,000 86,400 9,600 108,000 12,000 S 128 400 164.000 398.000 NORDIC COMPANY Purchases Budget For the Second Quarter Ma 90,000 112,500 150,000 352,500 500 121.500 157,500 202,500 271,500 474,000 -90.000 -54.000 S-135.000 181.500 S420.000

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