S22-12 (book/static) Question Help The following are some of the components included in the master budget of a merchandising company. List the items of the master budget in order of preparation a. Budgeted balance sheet b. Sales budget c. Capital expenditures budget d. Budgeted income statement D. e. Cash budget f. Inventory, purchases, and cost of goods sold budget 9. Selling and administrative expense budget E22-21 (book/static) Sarah Edwards, division manager for lowPlus, is speaking to the controller, Dana Rabout the being process Sarah states, an account to can you explain the free main parts of the master budget to me and told me their purpose Answer Sarah's question Answer Sarah's question by completing the following table Budget Purpose Cappens Cost of goods sold Inventory Operating -21 (book/static) Edwards, division manager for Pillows Plus, is speaking to the controller, Diana Rothman, about the budgeting process. Sarah states, "I'm not an s question er Sarah's question by completing the following table. et Purpose Determines cost of goods sold and inventory for other budgets. Forecasts the sales revenue for the period Presents the cash budget, the budgeted balance sheet, and the budgeted statement of cash flows. Presents the company's plan for purchasing property, plant and equipment and other long-term assets. Projects the operating income for the period through the budgeted income statement ose from any drop-down list and then click Check Answer Clear All