Grenoble enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May-July are $70,000, 80,000, 100,000 respectively. The Firm has a cash bal of $5000 on May 1 and wishes to maintain cash bal of $5,000, Given the following data prepare and interpret a cash budget for the months of May, June and July.1. the firm makes 20% of sales for cash, 60% are collected the next month and the remaining 20% are collected in the second month following sale2. The firm receives other income of $2000 per month3. The firm's actual or expected purchases, all made for cash are 50,000, 70,000, and 80,000 for the months may- june respectively4. Rent is $3,000 per month5. Wages and salaries are 10% of the previous month's sales6. Cash dividends of $3,000 will be paid in june7.Payment of principal and interest of $4,000 is due in June.8. A cash purchase of equiptment costing $6,000 is scheduled in July9. Taxes of $6,000 are due in JuneComplete the first month of the cash budget for Grenoble enterprises

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.