You are the sole shareholder and operator of a small, incorporated business that purchases off-brand Digital watches and re-sells them. You started your business five years ago. The following data have been assembled to assist in the preparation of the master budget for the first quarter (January, February and March) of 20X2. As of December 31, 20X1, your company had the following balance sheet: Company information: 1. The company sells each watch for $310. 2. Actual sales were as follows: 1. November 250 units 2. December 450 units. 3. Projected sales are as follows: 1. January are 450 units, 2. 400 for February, 3. 350 for March, 4. and 325 for April. 4. Sales are all