Elite Printing of Alberta has applied for a loan. Scotiabank has requested a budgeted balance sheet as of April 30 and a combined cash budget for April. As Elite 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 Elite Printing at April 30. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. Beginning balance Cash inflows: Cash sales Cash Collections Cash outflows: Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance