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a.	March 31 equipment? balance,$52,200?;accumulated? depreciation,$41,100.
b.	April capital expenditures of $42,800 budgeted for cash purchase of equipment.
c.	April depreciation? expense, $800.
d.	Cost of goods? sold, 40?% of sales.
e.	Other April operating? expenses, including income? tax, total $12,600?, 25?% of which will be paid in cash and the remainder accrued at April 30.
f.	March 31? owners' equity, $93,500.
g.	March 31 cash? balance, $40,900.
h.	April budgeted? sales, $90,000?, 75?% of which is for cash. Of the remaining 25?%, half will be collected in April and half in May.
i.	April cash collections on March? sales, $29,600.
j.	April cash payments of March 31 liabilities incurred for March purchases of? inventory, $17,400.
k.	March 31 inventory? balance, $29,300.
l.	April purchases of? inventory, $10,200 for cash and $36,400 on credit. Half of the credit purchases will be paid in April and half in May.

Please answer all requirements for this question. Requirement 1 is displayed starting. Thank you in advance.

Requirements Prepare the budgeted balance sheet for Sheet Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances. Prepare the combined cash budget for April. Suppose Sheet Medical Supply has become aware of more efficient (and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $16,000? (For this requirement, disregard the $42,800 initially budgeted for equipment purchases.) Before granting a loan to Sheet Medical Supply, Best Commerce Bank asks for a sensitivity analysis assuming that April sales are only $60,000 rather than the $90,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation, and the other operating expenses will remain the same as in the earlier requirements.) a. Prepare a revised budgeted balance sheet for Sheet Medical Supply, showing separate 1. 2. 3. 4. computations for cash, inventory, and owners' equity balances. Suppose Sheet Medical Supply has a minimum desired cash balance of $22,000. Will the company need to borrow cash in April? b. Print Done