this was all they povided us

QUESTION 6 Prepare a proper Budget Report for TOM & JERRY INC., for the 1" Half of Fiscal Year 2016 using the following key financial information provided below (all amounts in USS) Step 1) (1 mark) Starting from January 2016 through June 2016 Step 2) (1 mark) Your total budgeted Revenue should be US$ 8,800,000, spread evenly across the months Step 3) (mark) Your total budgeted Cost of sales should be US$ 4,400,000, spread evenly across the months Step 4) marks) What is your total Gross Profit? Step 5) Break your budgeted Operating Expenses into the following cost structures (components: Salaries & Wages (15% of Gross Profit) Rent & Utilities 4% of Gross Profit Travel Expenses 2% of Gross Profit Insurance 5% of Cost of Sales) Generic Peonion 5% of Rerence Question Completion Status: Genere Proton (% of Revene) Steps 6 to 11) (mark) Step 6) What is your budgeted Total Salaries & Wages? (ark) Step 7) What is your budgeted Total Rent & Utilities? (1 mark) Step 8) What is your budgeted Total Travel Expenses? (mare) Step 9) What is your budgeted Total Insurance? (mark) Step 10) What is your budgeted Total Generic Provisions? (mark) Step 12) (2 mark) Assuming there are budgeted Interest Expenses of 5%, Interest income of 5% and Taxes of 5% on your operating income, determine the Budgeted Total Net Income or toss