Key Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet at April 30 , 2016, and a budgeted statement of cash flows for April. The March 31, 2016 balance sheet follows: (Click the icon to view the balance sheet.) As Key Printing Supply's controller, you have assembled the following additional information: (Click the icon to view the information.) Read the reguirements. Requirement 1. Prepare the sales budget for April. Data table ed balance get follows a. April dividends of $6,000 were declared and paid. b. April capital expenditures of $16,700 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost oflgoods sold, 40% of sales. e. Desired ending inventory for April is $22,400. f. April selling and administrative expenses include salaries of $29,000,25% 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 15% of sales, all paid in April. h. April budgeted sales, $88,000,80% collected in April and 20% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,200. j. April purchases of inventory, $8,300 for cash and $37,500 on account. Half the credit purchases will be paid in April and half in May