Bueno - a. mittee of Thumbtack Office Supply has assembled the following data: son to view the data) Sales in April are expected to be $60,000. Thumbtack forecasts that monthly sales will increase Jements 2% over April sales in May June's sales will increase by 4% over April sales July sales will increase 20% over April sales b. Thumbtack maintains inventory of $10,000 plus 25% of the cost of goods sold budgeted for the dollar following month Cost of goods sold equal 50% of sales revenue c. Monthly salaries amount to $10,000 Sales commissions equal 5% of sales for that month d. Other monthly expenses are as follows: Rent: $3.400 Depreciation $700 Insurance: $200 Income tax $2,500 Thumbtack Office Supply Balance Sheet Print Done March 31, 2018 Assets Current Assets Requirements Cash S 34,000 Accounts Receivable 21.000 Merchandise Inventory 17.500 1. Prepare Thumbtack's sales budget for April and May 2018 Round all calculations to the nearest dolar Prepaid Insurance 1.400 2. Prepare Thumbtack's inventory, purchases, and cost of goods sold budget for Total Current Assets $ 73.900 April and May Property, Plant, and Equipment 3. Prepare Thumbtack's selling and administrative expense budget for April and May Equipment and Fixtures 56 000 Less: Accumulated Depreciation (10,000) 46.000 Print $ Done Total Assets 119,900 Liabilities Selling and Administrative Expense Budget Current Liabilities April and May, 2018 Accounts Payable 11.000 April 5.400 May Salaries and Commissions Payable Total Liabilities $ 16,400 Choose from any list or enter any number in the input fields and then continue to the Stockholders' Equity Common Stock no par 10.000 maroo un has asse . Data Table Balance Sheet March 31, 2018 Assets Current Assets 34.000 21.000 17,500 1,400 $ 73.900 an 56.000 (10,000) ar 46.000 $ 119,900 Cash S Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation Total Assets Liabilities Current Liabilities Accounts Payable $ Salaries and Commissions Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 11,000 5.400 $ 16,400 and 10.000 93,500 Offic rativ 103,500 May S 119,900 Total Liabilities and Stockholders' Equity r in the Print Done ? Thumbtack Office Supply's March 31, 2018, balance sheet follows Click the icon to view the balance sheet.) The budget committee of Thumbtack Office Supply Click the icon to view the data.) Read the requirements Requirement 1. Prepare Thumbtack's sales budget for April and May 2018. Round all amounts to the nearest dollar Thumbtack Office Supply Sales Budget April and May, 2018 April May Total budgeted sales Requirement 2. Prepare Thumbtack's inventory, purchases, and cost of goods sold budget for April and May Thumbtack Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May Plus: Total merchandise inventory required Less Budgeted Purchases Requirement 3. Prepare Thumbtack's selling and administrative expense budget for April and May Thumbtack Office Supply Selling and Administrative Expense Budget April and May, 2018 April May Choose from any list or enter any number in the input fields and then continue to the next question Requirement 1. Prepare Thumbtack's sales budget for April and May 2018. Round all amounts Thumbtack Office Supply Sales Budget April and May, 2018 April May Total budgeted sales Requirement 2. Prepare Thumbtack's inventory, purchases, and cost of goods sold budget for Ap Thumbtack Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May Beginning merchandise inventory Cost of goods sold Desired ending merchandise inventory Sales Requirement 3. Prepare Thumbtack's selling and administrative expense budget for April and May Thumbtack Office Supply Selling and Administrative Expense Budget April and May, 2018 April May Choose from any list or enter any number in the input fields and then continue to the next questic Thumbtack Office Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet.) The budget committee of Thumbtack Office Click the icon to view the data.) Read the requirements Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May Plus Total merchandise inventory required Less: Budgeted Purchases Requirement 3. Prepare Thumbtack's selling and administrative expense budget for April and May. Thumbtack Office Supply Selling and Administrative Expense Budget April and May, 2018 April May Variable expenses: Fixed expenses: Total fixed expenses Total selling and administrative expenses Plus: Total merchandise inventory required Less: Budgeted Purchases Requirement 3. Prepare Thumbtack's selling and administrative expense budget fo Thumbtack Office Supply Selling and Administrative Expense Budget April and May, 2018 April Variable expenses: May h Commissions Expense Cost of Goods Sold Depreciation Expense Ending Merchandise Inventory Insurance Expense Purchases Rent Expense Salaries Expense Sales Chuuse Umany St UI Ele any nume me put fields and then continue to the