please make a merchandise purchase budget AND income statement

The budget committee of Coronado Company collects the following data for its San Miguel Store in preparing budgeted income statements for May and June 2022 1. 2 Sales for May are expected to be $380,000 Sales in June and are expected to be 5% Higher than the preceding month Cost of goods sold is expected to be 75% osales Company policy is to maintain ending merchandise inventory at 10% of the following north's cent of goods solt. Operating expenses are estimated to be as follows 3 4. 528.400 per month Sales salaries Advertising Delivery expense % of monthly sales 2 of monthly sales 5% of monthly sales Sales commission Rent expense $6,020 per month 5830 per month Depreciation Utilities 5660 per month Insurance 5590 per month VIR DIE 5. Interest expenses $2.000 per month income taxes are estimated to be income before come (a) Your onweris partially correct Prepare the merchandpurchases budget for each month in columna form CORONADO COMPANY San Miguel Store Merchandise Purchases Budget For 2012 May June te do 30000 Add Dining Machine Tuta