3 of 4 (4 complete) Hw Score: 74.57%, 2.98 of 4 & P9-62A (similar to) Question Help Sheet Medical Supply has applied for a loan. Best Commerce Bank has requested a budgeted balance sheet as of Apri 30, and a combined cash budget for April. As Sheet Medical Supply's controller, you have assembled the following information: EB (Click the icon to view the information.) Read the The amount of cash available for equipment purchases in April, before financing, if the minimum balance is $16,000 (and disregarding the $42,800 initially budgeted for equipment purchases) is $ desired ending cash 84300 a loan to Sheet Medical Supply, Best Commerce Bank asks for a sensitivity analysis assuming that April sales are only Requirement 4. Before granting $60,000 rather than the $90,000 originally budgeted. ( operating expenses will remain the same as in the earlier requirements.) While the cost of goods sold will change, assume that purchases, depreciation, and the other a. Prepare a revised budgeted balance sheet for Sheet Medical Supply, showing separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. (Round amounts to the nearest whole dollar.) Cash Cash inflows: Collections Cash outflows: Payment of May liabilities Cash purchases Payments for April (credit) purchases Operating expenses paid Ending balance Enter any number in the edit fields and then click Check Answer. Clear All