Prepare a master budget for the three$-$month period ending June $30.$ Include the following detailed schedules:

$1.$ a$.$ A sales budget, by month and in total.

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

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

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

$2.$ 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.$

$3.$ A budgeted income statement for the three$-$month period ending June $30.$ Use the contribution approach.

$4.$ A budgeted balance sheet as of June $30.$