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: E (Click the icon to view the balance sheet.) As Instrument Printing Supply's controller, you have assembled the following additional information: (Click the icon to view the information.) Read the requirements - Requirements Requirement 1. Prepare the sales budget for April. Instrument Printing Supply Sales Budget For the Month Ended April 30, 2024 Total budgeted sales 1. Prepare the sales budget for April. 2. Prepare the inventory, purchases, and cost of goods sold budget for April. 3. Prepare the selling and administrative expense budget for April. 4. Prepare the schedule of cash receipts from customers for April. 5. Prepare the schedule of cash payments for selling and administrative expenses for April 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. 7. Prepare the budgeted income statement for April. 8. Prepare the budgeted balance sheet at April 30, 2024. Print Done - Data table $ Instrument Printing Supply Balance Sheet March 31, 2024 Assets Current Assets Cash 50.800 Accounts Receivable 14,400 Merchandise Inventory 12,400 Total Current Assets $ 77,600 Property, Plant, and Equipment: Equipment and Fixtures 80,800 Less: Accumulated Depreciation (13,100) 67,700 $ Total Assets 145,300 Liabilities Current Liabilities: Accounts Payable 7,800 Stockholders' Equity Common Stock, no par $ 42,000 Retained Earnings 95,500 Total Stockholders' Equity 137,500 $ 145,300 Total Liabilities and Stockholders' Equity $ Print Done