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.) Requirement 1. Prepare the sales budget for April. Instrument Printing Supply Sales Budget For the Month Ended April 30, 2024 As Instrument Printing Supply's controller, you have assembled the following additional information: i (Click the icon to view the information.) Read the requirements. 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

Budgeted Income Statement For the Month Ended April 30, 2024 Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Net income (loss) 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 Instrument Printing Supply's controller, you have assembled the following additional information: (i) (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Requirement 4. Prepare the budgeted cash receipts from customers for April. Data table a. April dividends of $2,000 were declared and paid. b. April capital expenditures of $16,800 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost of goods sold, 50% of sales. e. Desired ending inventory for April is $24,800. 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 administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $90,000,60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,500. j. April purchases of inventory, $19,500 for cash and $37,700 on account. Half the credit purchases will be paid in April and half in May. lequirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Requirements 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. Review the budgeted cash payments for selling and administrative expenses you prepared above. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, And cost of goods sold budget for April. Instrument Printing Supply Budgeted Balance Sheet April 30, 2024 Assets Current Assets: Total Current Assets Property, Plant, and Equipment: Total Assets Liabilitios Budgeted Income Statement For the Month Ended April 30, 2024 Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Net income (loss) 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 Instrument Printing Supply's controller, you have assembled the following additional information: (i) (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Requirement 4. Prepare the budgeted cash receipts from customers for April. Data table a. April dividends of $2,000 were declared and paid. b. April capital expenditures of $16,800 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost of goods sold, 50% of sales. e. Desired ending inventory for April is $24,800. 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 administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $90,000,60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,500. j. April purchases of inventory, $19,500 for cash and $37,700 on account. Half the credit purchases will be paid in April and half in May. lequirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Requirements 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. Review the budgeted cash payments for selling and administrative expenses you prepared above. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, And cost of goods sold budget for April. Instrument Printing Supply Budgeted Balance Sheet April 30, 2024 Assets Current Assets: Total Current Assets Property, Plant, and Equipment: Total Assets Liabilitios