You are the new manager of the local Pattison

Pattison Electronics store. Top management of Pattison

Pattison Electronics is convinced that management training should include the active participation of store managers in the budgeting process. You have been asked to prepare a complete master budget for your store for?June, July, and August. All accounting is done centrally so you have no expert help on the premises. In?addition, tomorrow the branch manager and the assistant controller will be here to examine your?work; at that?time, they will assist you in formulating the final budget document. The idea is to have you prepare the initial budget on your own so that you gain more confidence about accounting matters. You want to make a favorable impression on your?superiors, so you gather the following financial statement and sales data as of May?31, 20X8: