PR1 Prepare a Budgeted Statement of Financial Performance (also called a Budgeted Income Statement) for Fraser & Company for July, August and September including the total for quarter ended 30 September. List the expense accounts under the areas of Marketing, Administration and Financial Expenses Sales budget: July $50 000 August $60 000 September $90 000 All sales are on credit and 20% of customers are expected to receive a 5% prompt payment discount 2% of all customers'accounts are expected to be uncollectible. Sales price is a mark-up of 100% on the cost of goods sold. Interest expense is expected to be $1,000 per month. Rentalincome is $2 000 per month. The owner intends to withdraw $5 000 per month for personal expenses. Marketing expenses have a fixed cost element of $5000 per month, plus a variable cost element which is 10% of sales. General and administrative expenses are $9000 per month