Topic: Budgeting WinBikes Pty Ltd is selling and provides services for bicycles. As at December 2021,...

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Topic: Budgeting WinBikes Pty Ltd is selling and provides services for bicycles. As at December 2021, it has the bank balance of $25,000. Below are estimates for the three months ending 31 March 2022 Items January ($) February ($) March ($) Sales 750,000 550,000 450,000 Bike Servicing 50,000 100,000 20,000 Salaries and Wages 250,000 200,000 200,000 Administration 50,000 50,000 50,000 Purchases Bikes 500,000 400,000 300,000 Purchases parts 10,000 14,000 3,000 Depreciation $2,000 $2,000 $2,000 Interest income $500 Topic: Budgeting WinBikes Pty Ltd is selling and provides services for bicycles. As at December 2021, it has the bank balance of $25,000. Below are estimates for the three months ending 31 March 2022 Items January ($) February ($) March ($) Sales 750,000 550,000 450,000 Bike Servicing 50,000 100,000 20,000 Salaries and Wages 250,000 200,000 200,000 Administration 50,000 50,000 50,000 Purchases Bikes 500,000 400,000 300,000 Purchases parts 10,000 14,000 3,000 Depreciation $2,000 $2,000 $2,000 Interest income $500