Clipboard Office Supply's March 31, 2018, balance sheet follows:

Clipboard Office Supply
Balance Sheet
March 31, 2018
Assets
Current Assets:
Cash	$35,000
Accounts Receivable	20,000
Merchandise Inventory	24,500
Prepaid Insurance	2,400
Total Current Assets		$81,900
Property, Plant, and Equipment:
Equipment and Fixtures	34,000
Less: Accumulated Depreciation	(18,000)	16,000
Total Assets		$97,900

Liabilities
Current Liabilities:
Accounts Payable		$20,000
Salaries and Commissions Payable		8,000
Total Liabilities			$28,000
Stockholders' Equity
Common Stock, no par		12,000
Retained Earnings		57,900
Total Stockholders' Equity			69,900
Total Liabilities and Stockholders' Equity			$97,900

The budget committee of Clipboard Office Supply has assembled the following data:

a. Sales in April are expected to be $100,000. Clipboard forecasts that monthly sales will increase 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. Clipboard maintains inventory of $12,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of good 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:

1) Rent: $2,200

2) Depreciation: $400

3) Insurance: $200

4) Income tax: $2300

Requirements:

1) Prepare Clipboard's sales budget for April and May 2018. Round all calculations to the nearest dollar.

2) Prepare Clipboard's inventory, purchases, and cost of goods sold budget for April and May.

3) Prepare Clipboard's selling and administrative expense budget for April and May.