You will prepare a static master budget, budgeted financial statements and a flexible budget$/$variance analysis for Karry No Key, Inc. which will sell karaoke machines.

Assumptions: You plan to form Karry No Key on April $1$ and expect the following:

Invest in exchange for stock

Purchase delivery truck with cash

with $$0$ salvage value and expected useful life in years

Sales increase per month

Collections in month of sale

Collections of remainder in following month of sale

Desired ending inventory $(\%$ of next month's expected sales$)$

Payments in month of purchase

Payments of remainder in following month of purchase

Other operating expenses per month to be paid in month incurred

$\backslash$table$[[$$$,100,000],[$$$,60,000],[,10],[,2\%$

Please fill out all yellow slots.