Will upvote. Thank you

Sulivan Corner Shoppe is a local convenience store with the following information: (Click the icon to view the infomation.) Read the requirements. Requirement 1. Prepare the sales budget for November and December. Requirement 2. Prepare the cost of goods sold, inventory, and purchases budget for November and December. Sullivan Corner Shoppe Cost of Goods Sold, Inventory, and Purchases Budget For the Months of November and December Requirement 3. Prepare the operating expense budget for November and December. Data table - October sales were $280,000. - Sales are projected to go up by 10% in November (from the October sales) and another 25% in December (from the November sales) and then return to the October level in January. - 25% of sales are made in cash, while the remaining 75% are paid by credit or debit cards. The credit card companies and banks (debit card issuers) charge a 2% transaction fee, and deposit the net amount (sales price less the transaction fee) in the store's bank account daily. - Sulivan Corner Shoppe's gross profit is 20% of its sales revenue. - For the next several months, the store wants to maintain an ending merchandise imventory equal to $11,000+10% of the next month's cost of goods sold. The September 30 inventory was $33,400. - Expected monthly operating expenses include: - Wages of store workers are $8,700 per month - Utilities expense of $1,400 in November and $1,800 in December - Property tax expense of $2,700 per month - Property and liability insurance expense of $200 per month - Depreciation expense of $8,500 per month - Transaction fees, as stated above, are 2% of credit and debit card sales Requirements Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement Requirement 4. Prepare the budgeted income statement for November and December. (Use the traditional format)