Box Printing of Dartmouth has applied for a loan. Scotiabank has requested a budgeted balance sheet as of April 30 and a combined cash budget for April, As Box Printing's controller, you have assembled the following information: (Click the icon to view the information.) Requirements Requirement 1. Prepare the budgeted balance sheet for Box Printing at April 30. Show separate computations for cash, inventory, and owners' equity balances Begin by calculating the cash balance. - X Cash Data table Beginning balance Cash inflows: ed March 31 equipment balance, $52,800; accumulated depreciation, $41,400 Cash sales April capital expenditures of $42,900 budgeted for cash purchase of equipment April depreciation expense, $300 Collections Cost of goods sold, 40% of sales Cash outflows: Other April operating expenses, including income tax, total $13,600, 25% of which will be paid in cash and the remainder accrued at April 30 Payment of March liabilities March 31 owners' equity, $93,400 Cash purchases March 31 cash balance, $40,500 April budgeted sales, $84,000, 65% of which is for cash. Of the remaining 35% Payments for April (credit) purchases half will be collected in April and half in May April cash collections on March sales, $29, 100 Purchase of equipment April cash payments of March 31 liabilities incurred for March purchases of Operating expenses inventory, $17,500 March 31 inventory balance, $29,900 Ending balance April purchases of inventory, $10,000 for cash and $36,400 on credit. Half of the credit purchases will be paid in April and half in May Get more help - Drink Dope