This exercise presents a case study for Gadgets, Inc. The assignment is to read the background information for the company and prepare the 2019budget in Microsoft Excel. In addition, there are several exercises to complete after the original budget has been completed. These exercises will require using sensitivity analysis to determine how changes in budgetary assumptions will affect projections of net income and cash flow. As part of the budgeting process, you will be asked to evaluate the cash needs of this new company and determine the necessity to establish a line of credit to meet operating cash requirements.