Please create a Selling & Admin Budget with the data provided.

Expocted Soles (itl sales ach crodk sabo) Month of Saln. 24% Morth following Saie 76% Long-Fem Laan interest information The intarest rate on t Cont of Goods sold prominge of eaies 44% Interest is paid on the principle balance at the beginning of the month Mnimum Cash Balar imbikery Purchase I lormation New borrowng must be in $1,000 increments $25,000 Purchaset pad in ourtent morih Purchases paid in nexi month Purchases are st an credit 78% Planned anding imentory as a peccentape of next month's Coat of Goods Seld 22% Tax information Incoma tax rafe 8\%. Taus are paid in the month ather they are incurred (expensed) Solec Commindice Information 5 alns commistions as a percentage of tales Sales commistians are paid the month geter they are incurred. Dividend information 6.5% Cash dividend decia: Cash dividend paid on October, 15, 2023 $25,000 Noverting Experese informasion Veriabie Rale Fined Cost 17.50% $00,000 Fsurmce policy hiformation Tof meriths of hsurance coverape faid for each year The polcy period is from Augast if to July 31 each year The periven was paid on July 31, 2023 The premium wil be charged to prepaid irsurance 12 Gonerai ane Administretive Exornse informetion ? Fixed onal portion Varieble fats (as a persentage of sales) Seling and adminstraive serenses are pend in the month incurred $60,000 Fiod Assectifirmision Finchase Lavi on Seplember is 2083 Cueren Pepreciation mpounte per manth 530,000 1500% 130.000 10,000 50,000