Prepare a master budget for Procter & Gamble Company for the fiscal year 2024 based on the following information:

• Sales Revenue Forecast: $10,000,000
• Variable Costs as a Percentage of Sales: 60%
• Fixed Costs: $2,000,000
• Expected Income Tax Rate: 25%
• Desired Ending Cash Balance: $500,000

A master budget integrates all operational and financial budgets to provide a comprehensive plan for a company's operations and financial performance. Prepare Procter & Gamble Company's master budget for the fiscal year 2024 using the provided data and analyze the budgeted financial statements to assess the company's financial position and performance expectations. This analysis aids in strategic planning, resource allocation, and performance evaluation.