Please use the beginning balance sheet and Budgeting Assumptions to complete the cash budget and budgeted income statement. Thank you!

Balance Sheet March 31, 2018 Assets Current Assets Cash 52,000.00 Accounts Receivable 9,000.00 Raw Materials Inventory (1,100 pounds) Finished Goods Inventory (2,000 units) 2,750.00 14,300.00 Total Current Assets 78,050.00 Plant and Equipment Equipment 930,000.00 Accumulated Depreciation Plant and Equipment, Net (63,000.00) 867,000.00 Total Assets 945,050.00 Liabilities and Stockholders' Equity Liabilities Accounts Payable 7,500.00 Bonds Payable 100,000.00 Stockholders' Equity Common Stock 800,000.00 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 37,550.00 837,550.00 945,050.00 Perky Turkey Jerky, LLC Budgeted Income Statement For the Quarter Ending June 30, 2018 Sales Cost of Goods Sold Gross Margin Selling and Administrative Expenses Net Operating Income Interest Expense Net Income Sales Sales, Finished Goods Selling and Admin Cash Budget