OnLine Fitness Ltd Online Fitness Limited is an online business selling sports equipment and training sessions online. Sales for the Year Ended 31st December 2021 were: 2021 Sales Jan Feb Mar Apr May Jun Sales 125,000 165,000 120,000 126,350 190,000 110,000 Sales July Aug 137,500 Sep 152,000 Oct Nov Dec 110,000 125,500 168,000 185,000 An average of 36% Gross Profit is made on the selling price - due to fall to 35% In 2022 Purchases each month are based on 1 times next month's sales Overheads for 2021 were as follows Wages and Salaries 235,000 Distribution 24,000 Other costs 26,495 Total Costs 285,495 For 2022 the business expects to expand its business and expects sales to increase by 5% per month over the 2021 figures 2 Its main supplier has increased its prices, so the company expects its GPX to reduce to 35% With the increase in Sales Volume, it expects its distribution costs to increase by 2.5% 4 Salary Costs are expected to remain the same for 2021 S Other operating costs will remain the same for 2021 The Balance Sheet at 31st December 2021 shows Stocks 98,000 Required 1 Prepare month by month budged Profit & Loss Account for the 6 months of 2022