prepare operational budget

17. The following budgeted information is provided by Rat's Kebabs for the three months to 30 September July August September Sales $ 122,000 $ 104,000 $ 161,000 Purchases 38,000 32,000 56,000 Opening Inventory 18,000 26,000 22,000 Closing Inventory 26,000 22,000 30,000 Expenses Marketing 16,000 18,000 24,000 Administration 2,400 4,300 5,800 Financial 4,200 3,900 6,400 Other Income 0 800 1,400 Required: Prepare a Budgeted Income Statement for each of the three months. Budgeted Income Statements for the three months to 30 September July August September Sales Less: Cost of goods sold Opening inventory Add: Purchases Goods available for sale Less: Closing Inventory Gross profit Add: Other Income Total operating Income Less Expenses Marketing Administration Financial Net profit before tax