Question: =+8. Prepare a budgeted income statement for December. The controller of Sedona Housewares Inc. instructs you to prepare a monthly cash budget for the next

=+8. Prepare a budgeted income statement for December.

The controller of Sedona Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:

March April May Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . $650,000 $732,000 $850,000 Manufacturing costs . . . . . . . . . . . . . . . . 350,000 370,000 430,000 Selling and administrative expenses. . . . . 175,000 225,000 245,000 Capital expenditures . . . . . . . . . . . . . . . . 160,000

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