Please set up the chart exactly as seen, do not add extra boxes or take any boxes out. I get confused very easily, thank you!

Following information relates to Acco Co. a. Beginning cash balance on July 1: $45.000 b. Cash receipts from sales: 27% is collected in the month of sale. 50% in the next month and 23% in the second month after sale (uncollectible accounts are negligible and can be ignored). Sales amounts are: May (actual $1.548.000: June (actual $1.080.000: and July (budgeted) $1.260.000 c. Payments on merchandise purchases: 54% in the month of purchase and 46% in the month following purchase. Purchases amounts are: June (actual). $387,000, and July (budgeted) $600.000 d. Budgeted cash disbursements for salaries in July $189.900. e. Budgeted depreciation expense for July: $10,800. f. Other cash expenses budgeted for July $135,000. 9. Accrued income taxes due in July: $80,000 h. Bank loan interest paid July 31: $5,940. 36,000 on July he accumulated Additional Information: a. Cost of goods sold is 40% of sales. b. Inventory at the end of June is $72,000 and at the end of July is $168,000. c. Salaries payable on June 30 are $45.000 and are expected to be $36.000 on July 31, d. The equipment account balance is $1,440.000 on July 31. On June 30, the accumulated depreciation on equipment is $252.000 e. The $5,940 cash payment of interest represents the 1% monthly expense on a bank loan of $594.000 1. Income taxes payable on July 31 are $148,176, and the income tax rate applicable to the company is 35%. 9. The only other balance sheet accounts are: Common Stock, with a balance of $587,620 on June 30 and Retained Earnings, with a balance of S964,800 on June 30. Prepare a budgeted income statement for the month of July and a budgeted balance sheet for July 31 Calculation of cash receipts from sales - July 31 --- May --Collected in June Total Sales July Accounts Rec. Credit sales from: May $ $ 417,960 $ $ $ 774.000 291,600 June 1,548,000 1,080,000 1,260,000 3,888.000 356,040 540,000 340,200 1,236,240 July Totals 248.400 919.800 1,168,200 $ $ 417,960 $ 1,065,600 $ $ Calculation of cash payments for merchandise -Paid in--------------- July 31 Accounts Pay. Total Purchases June July Purchases from: June $ $ July Totals 387,000 600.000 987,000 208.980 $ 0 208.980 $ 178,020 $ 324,000 502.020 $ 276.000 276,000 $ $ ACCO COMPANY Budgeted Income Statement For Month Ended July 31 1,260,000 504,000 756,000 Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Other cash expenses Bank loan interest expense 10.800 5940 7567000 Total operating expenses Income before taxes Income tax expense Net income $756,000 ACCO COMPANY Budgeted Balance Sheet As of July 31 Assets Cash Accounts receivable 1,168.2001 Inventory 168.000 1.336.2001 Liabilities and Equity Liabilities Stockholders' Equity