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Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for Apeil 2024 and budpeted balance sheet

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Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for Apeil 2024 and budpeted balance sheet at Apnl 30, 2024. The March 31. 2024, balance sheet follows: Click the ioon to viow the balance steet) As Belton Printing Supply's controllor, you have assembled the following additional information: (Cick the icon to view the informasion) Requirement 1. Prepare the sales budpet for April. Requirement 2. Prepare the irventory, purchases, and cost of goods sold budget for Apri Requirement 3. Prepare the seling and administratwe expense budget for Apnt. 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 for 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, 2024. Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31. 2024, balance sheet follows: Click the icon to view the balance sheet.) As Belton Printing Supply's additional information: (Click the icon to view th Reart the rentiramante Requirement 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash Review the budgeted cash receipts from customers you prepared above. Review the budgeted cash payments for selling and administrative expenses you prepared above. a. April dividends of $7,000 were declared and paid. b. April capital expenditures of $17,000 budgeted for cash purchase of equipment. c. April depreciation expense, $800. d. Cost of goods sold, 55% of sales. e. Desired ending inventory for April is $24,800. f. April selling and administrative expenses include salaries of $29,000,20% 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 10% of sales, all paid in April. h. April budgeted sales, $86,000,80% collected in April and 20% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,300. j. April purchases of inventory, $22,900 for cash and $37,200 on account. Half the credit purchases will be paid in April and half in May. Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024, balance sheet follows: Click the icon to view the balance sheet.) As Belton Printing additional informat (Click the icon Net income (loss) Requirement 8. Prepare the budgeted balance sheet at April 30, 2024. Review the cash budget you prepared above. elton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted icome statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 024, balance sheet follows: Click the icon to view the balance sheet.) As Belton Printing Supply' additional information: (Click the icon to view Reart the renu liramente Requirement 3. Prepare the selling and administrative expense budget for April. Requirement 4. Prepare the budgeted cash receipts from customers for April. Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31 , 2024, balance sheet follows: Click the icon to view the balance sheet.) Belton Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024, balance sheet follows: Click the icon to view the balance sheet.) As Belton Printing St additional information (i) (Click the icon to Reart tha ranuliremen Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared above

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