Budgeted Sales Gross Margin 22% April $55,000 Cash Sales 26% May $57,000 Ending Inventory 30% June $54,000 Inventory purchases paid in cash 50% July $53,000 Other Expenses 7% Save your file to preserve this table. Complete the assignments on the "Display Budget Schedules" tab. Some Balance Accounts on March 31: Cash $4,000 Accounts receivable $29,250 To receive the following month Inventory $7,100 Buildings and equipment, net $102,550 Accounts payable $22,400 To be paid the following month Capital stock $99,000 Retained earnings $21,500