You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets locat in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of th year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below.