Sosa Company has the following post$-$closing trial balance on December $31,2016$

$($Click the icon to view the post$-$closing trial balance.

The company's accounting department has gathered the following budgeting information for the first quarter of $2017$ :

$($Click the icon to view the budgeting information.$)$

Additional information:

a$.$

Read the requirements.

Requirement $1.$ Prepare Sosa Company's budgeted income statement for the first quarter of $2017$

Requirement $2.$ Prepare Sosa Company's budgeted statement of cash flows for the first quarter of $2017.($Enter a use of cash with a minus sign or parentheses. Complete all input boxes. Enter a $"0"$ for any zero balances.$)$

Requirement $3.$ Prepare Sosa Company's budgeted balance sheet as of March $31,2017.$ Hint: Use the budgeted statement of cash flows prepared in Requirement $2$ to determine the Cash balance.