Question: fill in blank template below of the CASH BUDGETED , the INCOME STATEMENT , and BALANCE SHEET, PLEASE need it ASAP!!!!

Budgex, a French company, wants to prepare its budget for the three coming months (M1, M2 and M3).

Budgex sells a finished good (FG) which is made of a single raw materials (RM) transformed in Budgex's workshop.

Forecasted sales for the four coming months are respectively 10,000; 12,000; 9,000; and 8,000 units of FG. The selling price should remain stable at 70 per unit over the period.

To make the sales, Budgex supports selling expenses. In addition to 30,000 in fixed salaries, sales representatives are paid a 2% commission on sales (exclusive of VAT). Selling costs also include external fixed expenses and depreciation expenses that amount respectively to 12,000 and 5,000 .

Each unit of FG needs 5 units of RM. Purchasing cost of RM is 3 per unit. Manufacturing costs include 200,000 in labor costs, 120,000 in external expenses, and 20,000 in depreciation expenses. All these costs are fixed.

Budgex plans to invest in some administrative equipment in month 2 (M2). The total cost will amount to 120,000 and be paid cash. This fixed asset will be depreciated over 5 years.

The production schedule is organized such that the number of units of FG in stock at the end of a month equals 50% of the volume of sales in the following month. As to RM, Budgex wants to maintain a safety stock of 20,000 units as of M1. The beginning inventories include 5,000 units of FG and 22,000 units of RM. Inventories are valued using the WAUC method.

Monthly administrative expenses are fixed and include 80,000 in salaries, 30,000 in external expenses, and 3,000 in depreciation.

All expenses are paid cash, except RM purchases which are paid the following month. As for sales, 50% are paid cash and 50% are collected the following month.

In month M3, Budgex will have to pay an interest expense of 4,000 in addition to the repayment of 10,000 of its current loan principal.

Other payables in the balance sheet correspond to the VAT that has to be paid in M1. VAT rate is 20%. All sale and cost prices are given exclusive of VAT.

Budgex does not pay any dividend.

One will assume no income tax.

Balance sheet at the end of M0 ()

Fixed assets	700 000
- accumulated depreciation	(260 000)
Net fixed assets	440 000
Finished goods inventory	255 000
Raw materials inventory	57 000
Receivables	390 000
Cash	32 260
Total Assets	1 174 260
Equity	400 000
Retained earnings	302 760
Loan	200 000
Payables (RM suppliers)	192 000
Other payables	79 500
Total Liabilities and Equity	1 174 260

Sales budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Sales volume Sales budget (exclusive of VAT) Budget of selling expenses \begin{tabular}{rrrr} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Fixed salaries Commissions External selling expenses Depreciation expenses Budget of selling expenses Production schedule \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Expected sales volume Expected ending inventory of FG Beginning inventory of FG Production schedule Direct materials purchase budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Expected consumption of RM Expected ending inventory of RM Beginning inventory of RM Volume of RM purchases Direct materials purchase budget Budget of RM inventory \begin{tabular}{rrrr} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Beginning inventory (in units) Beginning inventory (in euros) Volume of RM purchased Value of RM purchased WAUC Volume of RM consumed Value of consumption Ending inventory (in units) Ending inventory (in euros) Cost of goods manufactured \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Value of RM consumed Production salaries External production expenses Production depreciation expenses Cost of goods manufactured Unit manufacturing cost Budget of FG inventory \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Beginning inventory (in units) Beginning inventory (in euros) Volume of FG produced Cost of goods manufactured WAUC Volume of FG sold Cost of goods sold Ending FG inventory (in units) Ending FG inventory (in euros) Budget of administration expenses \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Administration salaries External administration expenses Administration depreciation expenses Budget of administration expenses Treasury budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Interest expenses Loan repayment Capital budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Investment Depreciation of new investment VAT budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Collected VAT Deductible VAT on operational expenses Deductible VAT on investments VAT payable VAT paid Cash budget \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \\ \hline \end{tabular} Sales (inclusive of VAT) Sales collected cash Sales collected on credit Total cash collection RM purchases (inclusive of VAT) Payment of RM purchases External expenses (inclusive of VAT) Salaries and commissions Payment of capital expenditures Loan annuity and interests Paid VAT Total of cash payment Change in cash Beginning cash balance Ending cash balance Budgeted income statement Sales Change in FG inventory RM purchases Change in RM inventory External expenses Salaries Depreciation expenses Interest expenses Income before tax Budgeted income statement \begin{tabular}{llll} \hline M1 & M2 & M3 & Quarter \end{tabular} Sales COGS S.A.\&G. expenses Interest expenses Income before tax