Step3 (page 2) E-Lan Electronics expects the following Selling and Administrative Expenses 1. Prepare 3 Selling and Administrative Budget 2. Prepare a capital expenditures budget 3. Prepare a cash budget 4. What Problems exists in regards to the operating line? What is the cause? What should be done to remedy the situation? How much would it save the company going forward? 5. Prepare a budgeted Income Statement (Cost of Goods Sold should be calculated based on estimated costs of production for the quarter.)