When preparing a master budget for a company, we create one budget at a time. Which of the following orders represents the normal order in which budgets would be prepared?

Selected Answer:	Sales, Cash, Purchases, Income Statement
Answers:	Sales, Income Statement, Cash, Purchases
	Purchases, Sales, Cash, Income Statement
	Sales, Cash, Purchases, Income Statement
	Purchases, Cash, Sales, Income Statement
	Sales, Purchases, Cash, Income Statement
	Purchases, Income Statement, Sales, Cash
	Cash, Sales, Purchases, Income Statemen

I choose the wrong one. Which one is correct?