Requirement 3:

A budgeted income statement for the three-month period ending June 30. Use the contribution approach.(Input the amount as positive value. Omit the "$" sign in your response.)

Earrings Unlimited Budgeted Income Statement For the Three Months Ended June 30
(Click to select)SalesAccounts receivableCashCommissionsRetained earningsCost of goods soldDividends payableAccounts payable			$
Variable expenses:
(Click to select)SalariesInsuranceRentDepreciationAdvertisingUtilitiesCommissionsCost of goods sold	$
(Click to select)AdvertisingInsuranceDepreciationRentUtilitiesCost of goods soldSalariesCommissions
Contribution margin
Fixed expenses:
(Click to select)InsuranceCommissionsUtilitiesRentSalariesAdvertisingCost of goods soldDepreciation
(Click to select)RentCommissionsUtilitiesAdvertisingCost of goods soldSalariesInsuranceDepreciation
(Click to select)RentInsuranceCost of goods soldUtilitiesAdvertisingSalariesCommissionsDepreciation
(Click to select)Cost of goods soldUtilitiesDepreciationCommissionsInsuranceSalariesAdvertisingRent
(Click to select)InsuranceCommissionsRentUtilitiesAdvertisingDepreciationSalariesCost of goods sold
(Click to select)UtilitiesAdvertisingDepreciationCost of goods soldCommissionsSalariesInsuranceRent
(Click to select)Net operating lossNet operating income
(Click to select)LessAdd: (Click to select)DepreciationSalariesInsuranceSales commissionsInterest expenseRentUtilitiesPrepaid insurance
(Click to select)Net lossNet income			$

Requirement 4:

A budgeted balance sheet as of June 30. (Omit the "$" sign in your response.)

Earrings Unlimited Budgeted Balance Sheet June 30
Assets			Liabilities and Stockholders' Equity
(Click to select)Accounts payable purchasesRetained earningsDividends payableCapital stockCash	$		(Click to select)InventoryAccounts receivableProperty and equipment, netAccounts payable purchasesCash	$
(Click to select)Capital stockDividends payableAccounts receivableAccounts payable purchasesRetained earnings			(Click to select)CashInventoryAccounts receivableProperty and equipment, netDividends payable
(Click to select)Retained earningsDividends payableAccounts payable purchasesCapital stockInventory			(Click to select)CashProperty and equipment, netPrepaid insuranceCapital stockInventory
(Click to select)Dividends payablePrepaid insuranceCapital stockAccounts payable purchasesRetained earnings			(Click to select)Retained earningsInventoryPrepaid insuranceProperty and equipment, netCash
(Click to select)Dividends payableCapital stockAccounts payable purchasesRetained earningsProperty and equipment, net
Total assets	$		Total liabilities and Stockholders' equity	$