Score: 1.5 of 10 pts 6 of 6 (3 complete) > HW Score: 38.08%, 20.94 of 55 pts E9-35A (book/static) Question Help Kent Comer Shoppe is a local convenience store with the following information: (Click the icon to view the information.) Read the requirements. i Data Table i Requirements Requirement 1. Prepare the sales burgat for November and December. Kent Comer Shoppe Sales Budget For the Months of November and December November December Cash sales S 56000 $ 72,800 Credit sales 224.000 291,200 2AD.ODO $ 364.000 Total sales + Prepare the following budgets for November and December 1. Sales budget 2. Cost of goods sald, inventary, and purchases budget 3. Operating expense budyel 4. Budgetud neome statement Requirement 2. Prepare the cost of youus sald, inventary, and purchases budget for Novem Print Done Ocabar sales are $250,000. Sales are p arted to go up by 12% in November from the Octobar sales and another 30% in Decembar from the November saks) and then return to the Oclubur kvel in January. 20% af sales are made in cash, while the remaining 90% are pair by Credit or debit cards. The credit card corpuries and banks (debit card issuers) charge a 2% transaction fee, and deposit the net amount (salee price less the transaction feel in the store's bank account daily Kent Corner Shoppe'e gros profis 25% of its sales revenue. For the next several months, the store wants to maintain an ending merchandise Inventory equal to S15.000 + 15% of the next month's cost of goods sold. The Sapiambar 30 martary was $43.125. Expected monthly operating expenses include: Wages of store workers are $9.200 per month Uliflies expense of $1,000 in November and $1,500 in December Property tax expense of $2,000 per month Property and liability insurance expens of $500 per month . Depreciation expansa or $6.500 per month Transaction fees, 98 stated above, are 2% of credit and debit card sales Kent Corner Shoppe Cast of Goods Sold, Inventory, and Purchases Budget For the Months of November and December November December Cost of goods sold $ 210,000 S 272.000 Plus: Desired ending 46500 55950 inventory 256500 328959 Total inventory required 46500 Less: Beginning inventory 282450 Purchases Print Done Enter any number in the dit fields and then click Check Answer o parts 2 remaining Clear Al Final Check