The budget committee of Casual Gals, an upscale women's clothing retailer, has assembled the following data. As the business manager, you must prepare tho budgeted income statements for May and June Click the icon to view the information to prepare the budget) Requirement Prepare Casual Gals' budgeted income statements for May and June Show cost of goods sold computations Before completing the budgeted income statements, compute the budgeted cost of goods sold for May and June (Round your answers to the nearest whole dollar) Data Table X a. Sales in April wore $48.000 You forecast that monthly sales will increase 12% in May and an additional 4% in June b. Casual Gals maintains inventory of $9,000 plus 30% of the sales revenues budgeted for the following month Monthly purchases average 50% of sales revenue in that same month Actual inventory on April 30 is $25,128 Sales budgeted for July are $45,000 c. Monthly salaries amount to $4,000 Salos commissions equal 10% of sales for that month Combine salaries and commissions into a single figure d. Other monthly expenses are as follows Rent expenso Depreciation expense Insurance expense Income tax $2.000, paid as incurred $200 5100, expiration of propaid amount 20% of operating income Print Done Before completing the budgeted income statements, compute the budgeted cost of goods sold for May and June (Round your ans > May June Cost of goods sold Now complete the budgeted income statements for May and Juno (Round your answers to the nearest whole dollar) The budget committee of Casual Gals, an upscale women's clothing retailer, has assembled the following data As the business m budgeted income statements for May and June Click the icon to view the information to prepare the budget) Requirement Prepare Casual Gals' budgeted income statements for May and June Show cost of goods sold computations Now complete the budgeted income statements for May and June. (Round your answers to the nearest whole dollar) Casual Gals Budgeted Income Statements For the Months Ended May 31 and June 30 May June Sales revenue Cost of goods sold Gross profit Operating expenses Salaries and commission expense Rent expense Depreciation expenso Insurance expense Operating income Choose from any list or enter any number in the input fields and then continue to the next