Oak Tree Villa Co operates a retail business. Purchases are sold at cost plus 331/3%. Or put another way,purchases are 75% of sales. Labour and expenses are related to other costs rather than cost of goods sold It is management policy to have sufficient inventory in hand at the end of each month to meet salesdemand in the next half month. Suppliers for materials and expenses are paid in the month after the purchases are made or the expensesincurred. Labour is paid in full by the end of each month. Expenses include a monthly depreciation charge of $2,000 75% of sales are for cash; 25% of sales are on one month's interest-free credit. The company will buy equipment for cash costing $18,000 in February and will pay a dividend of$20,000 in March. The opening cash balance at 1 February is $1,000. Required(a) An income statement for February and March(b) A cash budget for February and March

im stuck