Vinning Office Supply's March $31,2024,$ balance sheet follows:

$($Click the icon to view the balance sheet.$)$

Requirement $1.$ Prepare Vinning's sales budget for April and May $2024.$ Round all amounts to the nearest dollar.

More info

a$.$ Sales in April are expected to be $$60,000.$ Vinning forecasts that monthly sales will increase $2\%$

over April sales in May. June's sales will increase by $4\%$ over April sales. July sales will

increase $20\%$ over April sales.

b$.$ Vinning maintains inventory of $$9,000$ plus $25\%$ of the cost of goods sold budgeted for the

following month. Cost of goods sold equal $50\%$ of sales revenue.

c$.$ Monthly salaries amount to $$3,000.$ Sales commissions equal $5\%$ of sales for that month.

d$.$ Other monthly expenses are as follows:

Rent: $$3,000$

Depreciation: $$400$

Insurance: $$300$

Income tax: $$2,400$

Requirements

Prepare Vinning's sales budget for April and May $2024.$ Round all calculations

to the nearest dollar.

Prepare Vinning's inventory, purchases, and cost of goods sold budget for

April and May.

Prepare Vinning's selling and administrative expense budget for April and

May.

Data table