Margaret's Massages is a day spa providing relaxing treatment to its clients.

Margaret's Massages balance sheet for June $30,2021$ is as follows:

Margaret's Massages

Balance Sheet

June $30,2021$

Assets

Current Assets:

Cash $$15,530$

Accounts Receivable $$1,660$

Prepaid Insurance $$880$

Total Current Assets $$18,070$

Property, Plant & Equipment

Equipment & Fixtures $$18,850$

Less: Accumulated Depreciation $($$$3,580)$ $$15,270$

Total Assets $$33,340$

Liabilities

Current Liabilities:

Accounts Payable $$1,720$

Total Liabilities $$1,720$

Stockholders' Equity

Common Stock, no par $$10,680$

Retained Earnings $$20,940$

Total Stockholders' Equity $$31,620$

Total Liabilities and Stockholders' Equity $$33,340$

The following information is also included:

Sales fees $70\%$ cash and $30\%$ on account.

The balance in the Accounts Receivable account is the sales on account from last quarter.

Budgeted fees earned for this quarter are: $$35,400$ in July, $$39,700$ in August and $$43,500$ in September.

Monthly costs include: $$1,250$ per month for rent, $$6,200$ a month for salaries plus $5\%$ bonus for fees earned over $$36,000$ in a month, $$450$ for depreciation, $$200$ for Insurance Expense, and $8\%$ of sales fees earned for Miscellaneous Expense, and utilities run $$240$ per month.

Complete the following budgets for the third quarter.$\backslash$table$[[\backslash$table$[[$Margaret$\text{'}$s Massages$],[$Sales Budget$],[$For the Quarter Ended September $30,2021]]],[,$July,August,September,Total$],[$Cash Sales$],[$Sales on Account$],[$Total Sales,,,,$]]$

Margaret's Massages

Selling and Administration Budget

For the Quarter Ended September $30,2021$

$\backslash$table$[[$Variable Expenses:$],[$Bonus Expense$],[$Miscellaneous Expense$],[$Total Variable Expenses$],[$Fixed Expenses:$],[$Salaries Expense$],[$Rent Expense$],[$Depreciation Expense$],[$Utilities Expense$],[$Insurance Expense$],[$Total Fixed Expenses$],[$Total Selling & Administrative Expenses$]]$