Quiz instructions Here is the format that will help you in answering the questions. It is a 3 month budget - sales are expec be $100,000 each month (provided). It is suggested to use the sales information provided and the info below to create the actual cash budget BEFORE getting into the quiz. Monthly purchases are expected to be 60% of sales and remember they cost money. Wages are a $15,000 per month. $20,000 of taxes are to be paid in month one. There is a new fixed asset being purchased in month 2 for $15,000. An additional asset was sold in month 3 bringing in $8,000 of cash. Question 1 3 pts What were the purchases ($) fror the 1st month? $100 ($100) ($60) ($15) Question 2 What was the ending cash for the 1st month? $40 $5 ($14) $ 0.00 D Question 3 What was the sales for the 2d month? $200 $100 $60 29 Stv MacBook Pro Question 4 What were the wages for the 3rd month? ($40) ($15) ($5) There were no wages for that month! Question 5 What was the ending cash balance in month 3? $48 $246 $($59) ($105) 29 etv