Using the information in the above document, prepare a master budget for each of the first three months of 2014, include the following component budgets (show supporting calculations as needed, and round amounts to the nearest dollar):

Required:

1. 1. Monthly sales budgets (showing both budgeted unit sales and dollar sales)
   2. Monthly merchandise purchases budgets
   3. Monthly selling expense budgets
   4. Monthly general and administrative expense budgets
   5. Monthly capital expenditure budgets
   6. Monthly cash budgets

Budgeted income statement for the entire first quarter (not for each month)

Budgeted balance sheet as of March 31, 2014.