Please label the sections accordingly, give explanations and formulas used.

You have just been hired as management trainee by Earrings Unlimited, a distributor of earrings a new to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash Since you are well trained in budgeting, you have decided to prepare comprehensive budgets for the upcoming second quarter in order to show management the benefits that can be gained from an integrated budgeting program. To this end, you have worked with accounting and other areas to gather the information assembled below. The company sells many styles of earrings, but all are sold for the same price-S10 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings): January (actual) 20.000 June (budget 50.000 February (actual) 26.000 July (budget) 30.0 March (actual) 40.000 August (budget) 28.000 April (budget 65.000 September (budget 25.000 May (budget) 00.000