The budget commitee of Chelsey Fashions, an upecale women's clothing retaile has sembled the following date. As the business manager, you must prepare the budgeted income statements for May and June (Click the icon to view the information to prepare the budget.) Requirement Prepare relay Fashion budget Income statements for May and June. Show cost of goods sold computeriors Before completing the budpoled room waters, compute the budgeted cost of goods sold for May June (round your answers to the nearest whole dolar) May June Beginning invertory 1250 Cost of goods available for sale Erding inventory Cost of goods Now.complete the bedroome statements for May and done. Round your answers to the whole ola Chelsey Fashions Budgeted Income Statements For the Month Ended May 1 and June 10 May June a Sales in April were $35.000 You for that monthly sales will increase 10% in May and an adal 2% in June Chelsey Fashions maintains invertory of $9,000 plus 10% of the sales revenues budgeted for the following month. Monily purchases average 50% of sales revenue in that same month Actual inventory on April 30 is $12,050 Sales budget for dy are $45.000 Monthly sales amount to $3.000 Sessions equal 10% of sales for that month Combine sales and commissions into a single figure d. Oper monthly expenses are as follow $2.000 paidas incurred Deprecationen 5700 Insurance were $400, xron of prepadamu 20% of powing come Cost of good Choose from any list or enterary number in the input felds and then continue to the next question Print Save for Later The budget commitee of Chewy Fashion, anupale women's clothing retailer, has assumed the following date. As the business manager, you must prepare the budgeted income statements for May and Jure (Click the icon to view the information to prepare the budget) Requirement Prepare Chelsey Fashions' budgeted income statements for May and June Show cost of goods sold computations Chelsey Fashions Budgeted Income Stements For the Months Ended May 31 and June 30 Data Table May June Sales revenue Cost of goods sold a Sales in April were $35.000. You forecast that monthly sales will increase 10% in May and an additional in June Gross pro b. Chy Fashions maintains inventory of $9.000 plus 10% of the sales budgeted for Operating expenses the following monte Morty purchases venge 50% of revenue in that same month Actual invertory on April 30 is $12,850 Sales budgeted for July are $45,000 Sales and commission expense Monthly tries out to $3.000. Sales commissions equal to offer the month Combines and commissions into a single figure d. Other mothycenses was follows Deprecate Rort expense.... Insurance expense $2,800 paid as incurred Operating income Deprecaton expense $700 Incepe home $400, pion of read amount Income 20% of operating room DAI Choose from any litorarter any number in the input folds and then continue to the next question Print Done Save for er