All one problem, 5 parts, thank you!!

Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below Minden Company Balance Sheet April 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,000 78,000 37,750 232.000 $362,750 $ 81,500 14,000 180,000 87,250 $362,750 The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budgeted at $294.000 for May. Of these sales, $88.200 will be for cash: the remainder will be credit sales. One-half of a month's credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May. b. Purchases of inventory are expected to total $211,000 during May. These purchases will all be on account. Forty percent of all nichear are si in in the month ofurharatha ramsinglar brensic in the inmath All of the Andeshe Req 1 and 2 Req3 Reg 4 Reg 5 1. Calculate the expected cash collections from customers for May. 2. Calculate the expected cash disbursements for merchandise purchases for May. Total cash collections Total cash disbursements Req3 > Keq 1 and 2 Req 3 Reg 4 Reg 5 Prepare a cash budget for May. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Minden Company Cash Budget For the Month of May Beginning cash balance Add collections from customers Total cash available Less cash disbursements Purchase of inventory Selling and administrative expenses Purchases of equipment Total cash disbursements Excess of cash available over disbursements Financing Borrowing-note Repayments-note Interest Total financing Ending cash balance Req 1 and 2 Req 3 Req 4 Reg 5 Prepare a budgeted income statement for May. Minden Company Budgeted Income Statement For the Month of May