#6 please

1249 Vid $ 78,200 Assets Current Assets: Cash $ 50,700 Accounts Receivable 15,500 Merchandise Inventory 12,000 Total Current Assets Property. Plant, and Equipment: Equipment and Fixtures 80,500 Less: Accumulated Depreciation (12,900) Total Assets Liabilities Current Liabilities Accounts Payable Stockholders' Equity Common Stock, no par 538.000 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 67,600 $ 145,800 58,600 137,200 5 145,800 As Alliance Printing Supply's controller, you have assembled the following additional information: a. April dividends of $7,000 were declared and paid. b. April capital expenditures of $16,300 budgeted for cash purchase of equipment. c. April depreciation expense, $1,000. d. Cost of goods sold, 40% of sales. e. Desired ending inventory for April is $22,400. 1. April selling and administrative expenses include salaries of $37,000, 30% of which will be paid in cash and the remainder paid next month. & Additional April selling and administrative expenses also include miscellaneous expenses of 10% of sales, all paid in April hy April budgeted sales, $89,000, 80% collected in April and 20% in May. 1. April cash payments of March 31 liabilities incurred for March purchases of inven tory, $8,600. j. April purchases of inventory, 88,600 for cash and $37,400 on account. Half the credit purchases will be paid in April and half in May TUF Apel 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. Peenare the hudaeted income statement for April