Prepare a master budget for the three$-$month period ending June $30.$ Include the following detailed schedules: Prepare a master budget for the three$-$month period ending June $30$ that includes a sales budget, by month and in total. Prepare a master budget for the three$-$month period ending June $30$ that includes a schedule of expected cash collections, by month and in total.

$\backslash$table$[[$Earrings Unlimited,$],[$Schedule of Expected Cash Collections,Maye,Quarter,$],[,$April,May,June,$],[$February sales,,,,$],[$March sales,,,,$],[$April sales,,,,$],[$May sales,,,,$],[$June sales,,,,$],[$Total cash collections,,,,$]]$ Prepare a master budget for the three$-$month period ending June $30$ that includes a merchandise purchases budget in units and in dollars. Show the budget by month and in total.

Note: Round unit cost to $2$ decimal places.

$\backslash$table$[[$Earrings Unlimited,,,,$],[$Merchandise Purchases Budget,,,,$],[$April$,$May,June,Quarter,$],[$Budgeted unit sales,,,,$],[,,,,],[$Total needs,,,,$],[,,,,],[$Required purchases,,,,$],[$Unit cost$,,,,],[$Required dollar purchases,,,,$]]$Prepare a master budget for the three$-$month period ending June $30$ that includes a schedule of expected cash disbursements

for merchandise purchases, by month and in total.

A sales budget, by month and in total.

A schedule of expected cash collections, by month and in total.

A merchandise purchases budget in units and in dollars. Show the budget by month and in total.

A schedule of expected cash disbursements for merchandise purchases, by month and in total.

A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $$60,000.$

A budgeted income statement for the three$-$month period ending June $30.$ Use the contribution approach.

A budgeted balance sheet as of June $30.$