Exercise 4: Completion of Master and Subsidiary budgets: The final task that the finance director has asked you to complete is a series of budget projections for the next financial year. You have been given the following information and must complete a Sales budget, Expenses budget and a Purchases budget. Using the information you have calculated from these three subsidiary budgets you must complete the projected Profit and Loss budget for the year. Again, you have been given budgeting templates for this exercise. Sales Budget Month Selling Price Units Sold Income Jan 59 400 Feb 59 600 March 59 700 April 59 700 May 59 400 June 59 400 July 59 400 August 59 650 September 59 400 October 59 500 November 59 500 December 59 800 Total -