Prepare the below:

a$)$ Income Budget

b$)$ Cash Budget

c$)$ Balance Sheet Forecast

Based on this information:

Beginning balance sheet from previous period:Budget for Business Inc.

$\backslash$table$[[$Debet$,,$Credit,$$

Fill these tables:

Income Budget:

Sales

Variable Costs

Gross Profit

Fixed Costs

Personnel

Depreciation

Interest

Profit Before Taxes

Taxes

Net Profit

Cash Budget:

Cash Receipts

Beginning Cash

Cash Sales

Payments from Credit Sales

Total Cash Receipts

Cash Disbursements

Cash Purchases

Payments for Credit Purchases

Personnel

Equipment

Interest on Loans

Loan Repayments

Taxes

Dividends

Total Cash Disbursements

Ending Cash

Balance Sheet Forecast:

Balance Sheet at the Beginning:

Buildings: $36,000$

Machinery and Equipment: $11,000$

Inventory: $6,000$

Short$-$term Receivables: $6,500$

Cash and Bank Receivables: $1,200$

Total: $60,700$

Liabilities and Equity:

Share Capital: $8,000$

Retained Earnings: $12,000$

Bank Loans: $32,500$

Short$-$term Payables: $2,000$

Other Short$-$term Liabilities: $6,200$

Total: $60,700$

Forecasted Balance Sheet:

Buildings

Machinery and Equipment

Inventory

Short$-$term Receivables

Cash and Bank Receivables

Total

Liabilities and Equity:

Share Capital

Retained Earnings

Bank Loans

Short$-$term Payables

Other Short$-$term Liabilities

Total