Tiger Trading is a shirt wholesaler based in Lalor, VIC. Selling price per shirt is $10. Tiger Trading is NOT registered for GST - ignore GST. Budgeted Income Statement for the month ending 30 July 2022. 30 April 2022 $ 31 May 2022 $ 30 June 2022 $ 30 July 2022 $ Sales 80,000 100,000 110,000 90,000 LESS: Cost of Sales (32,000) (44,000) (40,000) 60,000 (36,000) 54,000 GROSS PROFIT 48,000 66,000 LESS EXPENSES: Salaries/Wages General Expenses Depreciation (10,000) (15,000) (3,000) (28,000) 20,000 (10,000) (17,500) (3,000) (30,500) 29,500 (10,000) (20,000) (3,000) (33,000) 33,000 (10,000) (18,000) (3,000) (31,000) 23,000 TOTAL EXPENSES NET PROFIT January March February $60,000 Sales Forecast $50,000 $75,000 The business wants to maintain inventory on hand at the end of each month to be 10% of the sales units for the next month. - The purchase price per unit is $4.00. January February March Sales Forecast $50,000 $60,000 $75,000 The business wants to maintain inventory on hand at the end of each month to be 10% of the sales units for the next month. The purchase price per unit is $4.00. Required: Prepare a Purchases Budget for the month of April 2022. (7 marks) AA B 1 $ . Purchases Budget Show Al