Read the requirements.

Requirement $1.$ Prepare a master budget including a budgeted income statement, balance sheet, cash budget, and supporting schedules for the months January through March $20x2.$

Before we prepare the budgeted income statements, cash budgets, and budgeted balance sheet, let's prepare a sales budget, a schedule of cash collections from customers, a purchases budget, and a schedule

of cash disbursements for purchases. Begin by preparing the sales budget for the January through March quarter.

Schedule a: Sales budget

Requirements

Prepare a master budget including a budgeted income statement,

balance sheet, cash budget, and supporting schedules for the

months January$-$March $20$X$2.$

Explain why there is a need for a bank loan and what operating sources

provide the cash for the repayment of the bank loan.