ALLIANCE PRINTING SUPPLY Balance Sheet March 31, 2018 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Total Current Assets $50,700 15,500 12,000 78,200 Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation 80,500 (12,900) 67,600 145,800 Total Assets Liabilities Current Liabilities: Accounts Payable 8,600 Stockholders' Equity Common Stock, no par Retained Earnings $ 38,000 99,200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 137,200 145,800 Requirements 1. Prepare the sales budget for April. 2. Prepare the inventory, purchases, and cost of goods sold budget for April 3. Prepare the selling and administrative expense budget for April. 4. Prepare the schedule of cash receipts from customers for April. 5. Prepare the schedule of cash Payments of Selling and administrative expenses for April. 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. 7. Prepare the budgeted income statement for April 8. Prepare the budgeted balance sheet at April 30, 2018