When preparing a master budget for a company, we create one budget at a time. Which of the following orders represents the normal order in which budgets would be prepared? Sales, Cash, Purchases, Income Statement Purchases, Cash, Sales, Income Statement Purchases, Sales, Cash, Income Statement Sales, Income Statement, Cash, Purchases Purchases, Income Statement, Sales, Cash Sales. Purchases, Cash, Income Statement Cash, Sales, Purchases, Income Statement Budgeted rent for the corporate headquarters would appear on the sales budget and pro forma income statement sales budget and pro forma balance sheet selling, general, and administrative budget and pro forma balance sheet selling, general, and administrative budget and pro forma income statement