Part B - Allocate funds according to budget and agreed priorities Based on the discussions you had with the restaurant owner in part A, you are required to allocate funds for the quarter to the relevant areas. As a part of the task, you must: Review the quarterly actuals given in the scenario, and prepare a monthly P/L budget for the October 20XX to December 20XX quarter. Allocate funds according to the priorities indicated by the owners. You may make expenses and income projections, based on the sales and expenses given in the Profit and Loss Statement for 1st July 20XX to 30th September 20XX, and average those figures over the three months, except where the seasonal increase in sales and expenses is indicated. Expenses such as rent, telephones, utilities, etc. will remain the same for each month. Ensure the budget is prepared according to the restaurant's Budgeting and Finance Policy. Use the template provided in Appendix A to prepare budget. Draft an email to restaurant owner to update the allocation of funds and to seek approval for the budget. You must also attach the draft budget along with the email. Submission requirements At the end of this part, you