Master Budget The following information is available for the Garriso Budgeted Sales December Actual) January February March $50,000 $25 000 560.000 $75.000 S60.000 April S8.000 6% of Sales Budgeted Expenses Wages and Salaries Freight-out Advertising Depreciation Other Expenses $2.500 1% of Sales Other Data Minimum inventory of Next Month's COGS 30% Ending Inventory for Dec. $10,000 Sales Moc Cash 20% Credit Note: Credil sales collected in the following Gross Profe Inventory Paid: Current Month Month After Purchase Dec. Accounts Payable Dec Cash Balance Minimum Cash Balance SOM 50% $15 000 $8.000 $10.000 Required: 1. Complete the master budget