Slate Comer Shoppe is a local corwenience store with the following information: (Click the icon to view the information.) Data table Read the roquitements. - October sales were $290,000. - Sales are projected to go up by 12% in November (from the October sales) and another 20% in December (from the November sales) and then rotum to the October level in January. - 25\% of sales are made in cash, while the remaining 75% are paid by credit or debit cards. The crodt card companies and banks (debit card issuers) charge a 5% transaction tee, and deposit the net amount (sales price less the transaction fee) in the sloce's bank account daly. - Slate Comer Shoppe's gross proft is 40% of its sales revenue. - For the next several months, the store wants to maintain an ending merchandiso Inventory equal to $10,000+25% of the next montt's cost of goods sold. The Seplember 30 inventory was $53,500. - Expected monthly operating expenses include: - Wages of slore wodkers are $6,900 per month - Utifes expense of $000 in November and $1,400 in December Properfy tax expense of $2,400 per month Requirements - Properfy and liablly insurance exponse of $1,100 per month Depreciation expense of $8,500 per month Transaction fees, as stated abere, are 5% of crodit and debt card salos Pregare the folowing budgets for November and December. 1. Sales budget 2. Cost of goods sold, inventory, and purchases tuoget 3. Operating erpente tudgel 4. Budopted income slaiomech