The following is the Master Budget for Breakers Inc for the period 4/1 thorugh 6/30/17.
Using the Master Budget, and additional information( in columns E thru J), and the partial 6/30/17 Trial Balance to prepare
Budgeted Financial (Pro-Forma) Statements for Breakers Inc for the period 4/1 through 6/30/17
I assume you will have to first complete the Cost of Goods Sold Statement to compute the COGS and enter
it and other missing information in the Trial Balance before proceeding to Financial Statement Preparation which needs to include the below;

1. Income statement

2. Statement of Shareholder equity

3. Balance Sheet

4. Trial balance sheet filled in

Pro-Forma Trial Balance 3 Month's Ended 6/30/17 Account Cash Accounts Receivable Finished Goods Inventory Raw Materials Inventory Buildings Equipment Accumulated Depreciation Securities- Available for Sale (long term) Accounts Payable Income Taxes Pavable Salaries Payable Notes Payable (note 1) Common stock (note 2) Preferred Stock (note 3) APIC Dividends Retained Earnings Sales 6/30/17 TB Debit Credit 640,803 187,720 157,500 59,340 30,000 8,160 280,000 170,000 80,000 50,980 86,591 7,190 8,000 3 Interest Income Gain on Sale -Trading Securities COGS ; General & Administrative Expenses Interest Expense Income lax Expense Total 9,690 897,553 878,421 1 Note 1: $300,000, 15 years; 2 Note 2: $5 Par, 50,000 shares authorized; 34,000 shares issued and outstanding 3 Note 3:$20 Par 4,000 shares authorized, issued and outstanding Pro-Forma Trial Balance 3 Month's Ended 6/30/17 Account Cash Accounts Receivable Finished Goods Inventory Raw Materials Inventory Buildings Equipment Accumulated Depreciation Securities- Available for Sale (long term) Accounts Payable Income Taxes Pavable Salaries Payable Notes Payable (note 1) Common stock (note 2) Preferred Stock (note 3) APIC Dividends Retained Earnings Sales 6/30/17 TB Debit Credit 640,803 187,720 157,500 59,340 30,000 8,160 280,000 170,000 80,000 50,980 86,591 7,190 8,000 3 Interest Income Gain on Sale -Trading Securities COGS ; General & Administrative Expenses Interest Expense Income lax Expense Total 9,690 897,553 878,421 1 Note 1: $300,000, 15 years; 2 Note 2: $5 Par, 50,000 shares authorized; 34,000 shares issued and outstanding 3 Note 3:$20 Par 4,000 shares authorized, issued and outstanding