The following details are given to prepare the budgets: - Sales 350000,5 accounts receivable are 10% of the sales at the end on the year. - Contribution\% is 25% - Accounts payable are 10% of the purchases at the end on the year. - Salaries, rent and other operating expenses 59000 ." - Investments in machinery is 5500 . - Depreciation of the machinery is 3600 ,- and depreciation of the buidding is 1200 ,- - Taxes are 20% of the profit before taxes - Amortization of loans is 2500 c and interest expenses are 2000 ,- - Distribution of dividends is 1200 . - Cashat the end of the year should be at least 3000 . - If more monev is needed, loan is available from the bank. - Stock and other creditors will be same as at the beginning of the year. Prepare a)Protit and loss budget bicaphbudget c) Estimated balance sheet