$\backslash$table$[[\backslash$table$[[$January$],[($actual$)]],22,400,\backslash$table$[[$June$],[($budget$)]],52,400],[\backslash$table$[[$February$],[($actual$)]],28,400,\backslash$table$[[$July$],[($budget$)]],32,400],[\backslash$table$[[$March$],[($actual$)]],42,400,\backslash$table$[[$August$],[($budget$)]],30,400],[\backslash$table$[[$April$],[($budget$)]],67,400,\backslash$table$[[$September$],[($budget$)]],27,400],[$May $($budget$),102,400,,]]$

The concentration of sales before and during May is due to Mother's Day. Sufficient inventory should be on hand at the end of each month to supply $40\%$ of the earrings sold in the following month.

Suppliers are paid $$5\mathrm{.}20$ for a pair of earrings. One$-$half of a month's purchases is paid for in the month of purchase; the other half is paid for in the following month. All sales are on credit. Only $20\%$ of a month's sales are collected in the month of sale. An additional $70\%$ is collected in the following month, and the remaining $10\%$ is collected in the second month following sale. Bad debts have been negligible.

Monthly operating expenses for the company are given below:

$\backslash$table$[[\backslash$table$[[$Sales commissions$],[$Fixed:$]],48$ of sales$],[$Advertising$,320,000],[$Rent$,$$$30,000$

requirement $1.$ a cash budget show the budget by month and in total determind any borrowing that woukd be needed to maintain the minimum cash ballence of $62000$

requirement $2.$ a budgeted income statement for the three$-$month period ending June $30.$ use the contribution approach

requirement $3.$ a budgeted balance sheet ad of june $30$