The drop down selections are the same for all three.

Sarah Edwards, division manager for Pillows Plus, is speaking to the controller, Diana Rothman, about the budgeting process. Sarah states, "I'm not an accountant, so can you explain the three main parts of the master budget to me and tell me their purpose?" Answer Sarah's question. Answer Sarah's question by completing the following table. Budget Purpose Capital expenditures Cost of goods sold Financial Inventory Operating SalesSarah Edwards, division manager for Pillows Plus, is speaking to the controller, Diana Rothman, about the budgeting process. Sarah states, "I'm not an accountant, so can you explain the three main parts of the master budget to me and tell me their purpose?" Answer Sarah's question. Answer Sarah's question by completing the following table. Budget Purpose : L Determines cost ofgoods sold and inventory for other budgets. Forecasts the sales revenue for the period. Presents the cash budget. the budgeted balance sheet, and the budgeted statement of cash flows. Presents the company's plan for purchasing property. plant and equipment, and other longterm assets. Projects the operating income for the period through the budgeted income statement