Question $1(1$ point$)$

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Place the different components of the master budget in the order in which they are developed:

$1-$demand forecast, $2-$sales plan, $3-$production plan, $4-$materials purchasing plan

$1-$demand forecast, $2-$production plan, $3-$sales plan, $4-$projected income statement

$1-$production plan, $2-$materials purchasing plan, $3-$demand forecast, $4-$sales plan

$1-$projected income statement, $2-$sales plan, $3-$production plan, $4-$materials purchasing plan

$1-$materials purchasing plan, $2-$production plan, $3-$sales plan, $4-$staement of estimated cash flows