As Key Printing Supply's controller, you have assembled the following additional information: (Click the icon to view the information.) Read the requirements. More info a. April dividends of $4,500 were declared and paid. b. April capital expenditures of $16,400 budgeted for cash purchase of equipment. c. April depreciation expense, $300. d. Cost of goods sold, 40% of sales. e. Desired ending inventory for April is $27,100. f. April selling and administrative expenses include salaries of $39,000,30% of which will be paid in cash and the remainder paid next month. g. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $87,000,60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,000. j. April purchases of inventory, $13,000 for cash and $37,200 on account. Half the credit purchases will be paid in April and half in May