Prepare Frame-It Company's master budget for 20x1 by completing the following schedules and statements. 1. Sales budget:

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Prepare Frame-It Company's master budget for 20x1 by completing the following schedules and statements. 1. Sales budget: 20x0 20x1 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Entire Year S frame unit sales × S sales price S frame sales revenue L frame unit sales × L sales price L frame sales revenue Total sales revenue Cash sales* Sales on account† *40% of total sales. †60% of total sales.