The Chippewa Chocolates (CC) Company began business on January 19, 2020. After its first year of operation, OC's president, Allen Hale, is now trying to prepare the company's master budget for the first two months (January and February) of 2021. Since you are his good friend and an accounting student, Mr. Hale has asked you to prepare the budget. Based on the budgets from 2020, Mr. Hale has gathered the following information: Projected Sales for January 2021 $126,800 Average Monthly Sales Increase 4% Average Monthly Salary Expenses $ 34,200 Average Monthly Rent Expenses S 5,600 Average Monthly Utility Expenses S6.520 Average Monthly Misc. Expense $ 2,700 Supplies Expense-percent of sales Commission-percent of sales 5% 3% The Chippewa Chocolates (CC) Company began business on January 19, 2020. After its first year of operation, OC's president, Allen Hale, is now trying to prepare the company's master budget for the first two months (January and February) of 2021. Since you are his good friend and an accounting student, Mr. Hale has asked you to prepare the budget. Based on the budgets from 2020, Mr. Hale has gathered the following information: Projected Sales for January 2021 $126,800 Average Monthly Sales Increase 4% Average Monthly Salary Expenses $ 34,200 Average Monthly Rent Expenses S 5,600 Average Monthly Utility Expenses S6.520 Average Monthly Misc. Expense $ 2,700 Supplies Expense-percent of sales Commission-percent of sales 5% 3%