Homework: HW VII Save Score: 0 of 45 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 100 pts The Cooke Batting Company manufactures wood baseball bats. Cooke's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Cooke sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $55; the adult bat sells for $55. Cooke's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Cooke's balance sheet for December 31, 2016, follows: (Click the icon to view the balance sheet.) Other data for Cooke Batting Company for the first quarter of 2017: Data Table (Click the icon to view the other data.) Read the requirements Cooke Batting Company Balance Sheet Requirement 1. Prepare Cooke's sales budget for the first quarter of 2017. December 31, 2016 Cooke Batting Company Sales Budget Assets For the Quarter Ended March 31, 2017 Current Assets: Youth Adult Cash $ 10,000 Question Viewer Bats Bats Total 26,200 Accounts Receivable Raw Materials Inventory Budgeted bats to be sold 9,000 11,760 Sales unit 56,960 Total sales Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 120,000 (45,000) 75,000 $ 131,960 Total Assets Liabilities Current Liabilities: Enter any number in the edit fields and then click Check Answer. Accounts Payable $ 12,500 Stockholders' Equity 7 parts remaining Clear All er Print Done Done Homework: HW VII Save Score: 0 of 45 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 100 pts The Cooke Batting Company manufactures wood baseball bats. Cooke's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Cooke sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $55; the adult bat sells for $55. Cooke's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Cooke's balance sheet for December 31, 2016, follows: (Click the icon to view the balance sheet.) Other data for Cooke Batting Company for the first quarter of 2017: Data Table (Click the icon to view the other data.) Read the requirements Cooke Batting Company Balance Sheet Requirement 1. Prepare Cooke's sales budget for the first quarter of 2017. December 31, 2016 Cooke Batting Company Sales Budget Assets For the Quarter Ended March 31, 2017 Current Assets: Youth Adult Cash $ 10,000 Question Viewer Bats Bats Total 26,200 Accounts Receivable Raw Materials Inventory Budgeted bats to be sold 9,000 11,760 Sales unit 56,960 Total sales Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 120,000 (45,000) 75,000 $ 131,960 Total Assets Liabilities Current Liabilities: Enter any number in the edit fields and then click Check Answer. Accounts Payable $ 12,500 Stockholders' Equity 7 parts remaining Clear All er Print Done Done