15 points Save Answer QUESTION 26 The Bees That Be, Inc produces a specialty jar of honey. They are working on the budgets for Apri, May, & June (02) and have asked for your help. The unit sales forecast for the next four months is: Aprill May June July 720 680 700 800 The jars sell for $10 each. Traditionally, 80% of the sales re made in cash and the rem ning 20% a e made on store credit. The credit sales are collected 10% in the current month and 90% in the next month, March sales are budgeted at Sa,100 The Bees that Be likes to maintain an endng i Each jar cost The Bees $6 Complete the following budgets e tory of finished goods of 5% of next month's pr ected sales forecast. 1. Sales budget (for April, May & June) 2 Cash Receipts budget (May only) 3. Determine the following balances: a. Sales revenue on the Q2 Pro-torma income statement I b. Accounts Receivable amount on the June 30 balance sheet c. COGS on the Q2 Pro-forma income statement d. Ending Inventory amount on the June 30 balance sheet