Develop a budget note that includes identification of reasons for previous profits and losses based on the financial report.

Particulars	Qtr 1	Qtr 2	Qtr 3	Qtr 4	2020
Sales	$3,142,822	3,771,386	4,085,668	4,714,232	15,714,108
Less Cost of goods sold 56% os sales	1759980	2111976	2287974	2639969	$8,799,900
Gross profit	$1382842	$1,659,410	$1,797,694	$2,074,263	$6,914,208
Operational Expenses
Accounting fee	10000	?	?	?
Interest charged	84508	?	?	?
Bank charges=1,580/4	? 395	?	?	?
store supplies(read point 4 from page 11)
Depreciation 170,000 /4=	42500	?	?	?	?
Advertising is to be apportioned to each quarter	?	?	?	?	?
Insurance	?	?	?	?	?
Store supplies	?	?	?	?	?
Cleaning	?	?	?	?	?
Rent	?	?	?	?	?
Telephone	?	?	?	?	?
Electricity	?	?	?	?	?
Wages and salaries( read 8 and 9)	?	?	?	?	?
Total operating Expenses	?	?	?	?	?
Profit Gross profit- operating expenses	?	?	?	?	?