Sales and Profit Budgets: PROFIT BUDGET 2018/19 Qtr. 1 Qtr. 2 Qtr. 3 Otr. 4 Revenue 22% 30% 2132 27% Sales 18,000,000 3,960,000 5,400,000 3,780,000 4,860,000 - Cost of Goods Sold 7,698,888 1,693,755 2,309,666 1,616,767 2,078,700 Gross Profit 10,301,112 2,366,245 3,090,334 2,163,233 2,781,300 Expenses - Interest Expense 82,000 20,500 20,500 20,500 20,500 - Depreciation expenses 160,000 40,000 40,000 40,000 40,000 - Insurance expenses 24,600 6,150 6,150 6,150 6,150 Store Supplies 4,300 4,300 - Advertising 272,000 68,000 68,000 68,000 68,000 Cleaning, Repairs & 34,603 7,614 10,382 7,268 9,344 Maintenance - Cleaning and maintenance 51,912 11,421 15,573 10,902 14,016 labour charge . Rent 3,025,000 756,250 756,250 756,250 756,250