CASE STUDY QUESTION 4 (Cash Budget) When Gretchen started the first Gimmicks and Gadgets Store, she instituted flexible budgeting within the first few months of operations (one reason she has been so successful). Her first monthly budget numbers were these: Cost of goods sold 40% of sales Advertising 10% of sales Salaries $5,000 Part-time help 5% of sales Delivery expense 1% of sales Fire insurance $100 Rent $2,000 Supplies 2% of sales Telephone $200 Your mission: Compute and list the budget figures for May, when sales were $30,000. Fill the Excel Tab Labeled G&G Budget