i Data Table X has Instrument Printing Supply Balance Sheet March 31, 2024 Assets Current Assets: Cash 50,600 12,400 12.300 75,300 Accounts Receivable Merchandise Inventory Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation Total Assets 81,000 (13,100) 67,900 $ 143,200 Liabilities Current Liabilities: Accounts Payable 8,000 Stockholders' Equity Common Stock, no par 20.000 Print Done More Info ood udg a. April dividends of $6,500 were declared and paid. b. April capital expenditures of $16,700 budgeted for cash purchase of equipment c. April depreciation expense, $700. d. Cost of goods sold, 55% of sales. e. Desired ending inventory for April is $25,700. f. April selling and administrative expenses include salaries of $30,000, 20% of which will be paid in cash and the remainder paid next month. g. Additional April selling and adminisitative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $82,000, 65% collected in April and 35% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,000. j. April purchases of inventory, $21,200 for cash and $37,300 on account. Half the credit purchases will be paid in April and half in May. Print Done Requirement 1. Prepare the sales budget for April. Instrument Printing Supply Sales Budget For the Month Ended April 30, 2024 Total budgeted sales Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Instrument Printing Supply Inventory, Purchases, and cost of Goods Sold Budget For the Month Ended April 30, 2024 Plus: Total merchandise inventory required Less: Budgeted Purchases Requirement 3. Prepare the selling and administrative expense budget for April. Instrument Printing Supply Choose from any list or enter any number in the input fields and then continue to the next question esc 000 80 F3 000 F1 F2 FA F5 2 @ # $ % Requirement 3. Prepare the selling and administrative expense budget for April. Instrument Printing Supply Selling and Administrative Expense Budget For the Month Ended April 30, 2024 Variable expenses: Fixed expenses: Total fixed expenses Total selling and administrative expenses sheet.) Total selling and administrative expenses Requirement 4. Prepare the budgeted cash receipts from customers for April. Instrument Printing Supply Budgeted Cash Receipts from Customers For the Month Ended April 30, 2024 Current month sales, 65% Prior month sales, 35% Total cash receipts Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Instrument Printing Supply Budgeted Cash Payments for Selling and Administrative Expenses For the Month Ended April 30, 2024 Variable expenses: Miscellaneous expenses Fixed expenses: 20% of current month's salaries expense Total payments for selling and administrative expenses Choose from any list or enter any number in the input fields and then continue to the next question. w the budgeted cash receipts from customers you prepared above Review the budgeted cash payments for selling and administrative expenses you prepared above Instrument Printing Supply Cash Budget For the Month Ended April 30, 2024 Cash available Cash payments Total cash payments Ending cash balance Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared above. Instrument Printing Supply Budgeted Income Statement For the Month Ended April 30, 2024 Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Net income (loss) Requirement 8. Prepare the budgeted balance sheet at April 30, 2024 Choose from any list or enter any number in the input fields and then continue to the next question. esc 80 000 doo F1 F2 F3 FA F5 ! % 1 2 3 4 5 Requirement 8. Prepare the budgeted balance sheet at April 30, 2024. Review the cash budget you prepared above. Instrument Printing Supply Budgeted Balance Sheet April 30, 2024 Assets Current Assets Total Current Assets Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities Choose from any list or enter any number in the input fields and then continue to the next question Mac esc o 80 FI F2 F3 F4 N a # 1 ! 1 $ 4 2 % 5 3 Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question. MacE esc 80 F1 F2 F3 F4 F5 $ % 1 2 3 4 5 E W E R T tab Instrument Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024, balance sheet follows: (Click the icon to view the balance sheet.) As ins Realth