Rachel started her business, Bubble Lather Shop, on March 1, 2021 to sell soap and shower gels to the local markets. She sources the products directly from some suppliers in Taiwan and would like to prepare a budget for six-month ending December 31, 2021. She has the following information regarding the business. (1) She deposited $100,000 into the bank account when she started the business operations. (2) All customers have to pay 60% in cash for the goods in the month of sales and will pay for the balance in the second month after the sales. (3) Actual and budgeted sales and purchases are as follows: 2021 Month Purchases Sales Actual March $36,000 $68,000 April $49,000 $61,000 May $41,000 $68,000 June $38,000 $71,000 Budgeted July $42,000 $66,000 August $44,000 $78,000 September $48,000 $81,000 October $56,000 $76,000 November $50,000 $72,000 December $46,000 $70,000 (4) One-third of the cost of office machine and fixtures valued at $93,000 was paid in March 2021. The balance will be settled in July 2021 and January 2022 with 1/3 of the cost of these fixed assets in each of the settlement. (5) Monthly general administration expenses of $4,500 is payable in the next month after it is incurred. However, this expense will be increased to $6,000 starting in September 2021. (6) All goods are bought from the suppliers by 40% cash payment in the month of purchase and the balance will be settled in the next month after the purchase. (7) Monthly office rent of $9,000, starting from March 2021, is payable when it is incurred. However, a 3-month deposit for the rental agreement is required to be paid in advance in March 2021. (8) The monthly ending inventory is counted as 25% of the goods purchased in the month incurred. (9) Office machine and fixtures is to be depreciated at 20% per annum, using the straight-line method of depreciation, with a residual value of $3,000. (10) Rachel takes $7,500 as her salary for each month. Bank and cash balance and net profit as at June 30, 2021 is $33,700 and $23,500 respectively. 2021 Month Purchases Sales Actual March $36,000 $68,000 April $49,000 $61,000 May $41,000 $68,000 June $38,000 $71,000 Budgeted July $42,000 $66,000 August $44,000 $78,000 September $48,000 $81,000 October $56,000 $76,000 November $50,000 $72,000 December $46,000 $70,00 (a) Prepare a Budgeted Statement of Financial Positions of Bubble Lather Shop as at December 31, 2021.