You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and, at certain times of the year, has experienced a shortage of cash. Because you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below. The company sells many styles of earrings, but all are sold for the same price$10$ per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow $($in pairs of earrings$)$: The concentration of sales before and during May is due to Mother$$s Day. Sufficient inventory should be on hand at the end of each month to supply $4.$ What about the A schedule of expected cash disbursements for merchandise purchases, by month and in total? and A budgeted balance sheet as of June $30.?$