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Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak...

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Accounting

Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak sales of lawn care equipment during May. It gathered the following information to prepare a cash budget for the quarter:
a. Budgeted monthly absorption costing income statements for April-July are:
\table[[,April,May,June,July],[Sales,$610,000,$800,000,$510,000,$410,000
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