Key Printing Supply of Baltimore has appliod lor a loan. Its bank hat requestod a bedgeted balance theet at Apri 30, 2016, and a bucgeted statement of cash flows for Apri. The March 3t, 2016 bolance sheot follows: (Click the icon to view the belance sheot) As Koy Printing Supplys controller, you have assembled the following addiconal information: (Clck the ioon to view the information.) Read the teovirements. Requirement 1. Prepare the sales budget for Aprl. Key Printing Supply Sales Budget For the Month Lnded April 30, 2016 Total budgeted sales More info a. Aprl dividends of $8,000 were deciared and paid. b. April caphal expenditures of $16,500 budgeled for cash purchase of equpment c. April depreciation expense, $700. d. Cost of goods sold, 45% of sales: c. Desired ending inventory for Agen is \$20,300. 1. Aprik selling and administrative expenses inclube salaries of $31,000,25% of which wit be paid in cabh and the remainder paid next month. g. Additional Apris seling and administrative empenses aso inchude miscelianeous expenses of 54 of sales, all paid a Apri. h. Apri budpeled sales, 591,000,75% collected in Asel and 25% in May 1. April cash payments of Muech 31 labilibes incumed for March purchases of ieventory, $8,600. 1. April purchases of imentory, 510,850 tor cash and $37,900 on accourt. Hat the ceedt. purchases will be poid in Apri and half in Myy. of cash fows tor A ori. The March 31, 2016 balunge Noel folows. (Clok the icon to wirw the balance shet.) As Key frinting Supply's coetroller, you here asseeribley (Cickik the icon to viw the information] Requirements Reas the feavirements. 1. Progare the sains buiget for Agre. 2. Propare the inversory, purchases, and cast of gooda soit budget for Acri. 2. Prepere the selirg und adivinatrative eupense budget for Aaril. 4. Prepure the schedule of caah rece pts fram cuatomers for A cel 5. Prepowe the schedue of eash payments for talling and administative expentes for Aorit. c. Prepare the cash budget for Apri. Astume the compary does not vote stort-term fnanoing to maintain a minimsm caah balance 7. Prepare the budgeted incsme stitement for Aorit. 8. Prepare the budgeled bulance sheet at Aon 30,2016 9. Prepare the budceled statement of eash fown for Apri. Key Printing Supply of Baltimore has appliod lor a loan. Its bank hat requestod a bedgeted balance theet at Apri 30, 2016, and a bucgeted statement of cash flows for Apri. The March 3t, 2016 bolance sheot follows: (Click the icon to view the belance sheot) As Koy Printing Supplys controller, you have assembled the following addiconal information: (Clck the ioon to view the information.) Read the teovirements. Requirement 1. Prepare the sales budget for Aprl. Key Printing Supply Sales Budget For the Month Lnded April 30, 2016 Total budgeted sales More info a. Aprl dividends of $8,000 were deciared and paid. b. April caphal expenditures of $16,500 budgeled for cash purchase of equpment c. April depreciation expense, $700. d. Cost of goods sold, 45% of sales: c. Desired ending inventory for Agen is \$20,300. 1. Aprik selling and administrative expenses inclube salaries of $31,000,25% of which wit be paid in cabh and the remainder paid next month. g. Additional Apris seling and administrative empenses aso inchude miscelianeous expenses of 54 of sales, all paid a Apri. h. Apri budpeled sales, 591,000,75% collected in Asel and 25% in May 1. April cash payments of Muech 31 labilibes incumed for March purchases of ieventory, $8,600. 1. April purchases of imentory, 510,850 tor cash and $37,900 on accourt. Hat the ceedt. purchases will be poid in Apri and half in Myy. of cash fows tor A ori. The March 31, 2016 balunge Noel folows. (Clok the icon to wirw the balance shet.) As Key frinting Supply's coetroller, you here asseeribley (Cickik the icon to viw the information] Requirements Reas the feavirements. 1. Progare the sains buiget for Agre. 2. Propare the inversory, purchases, and cast of gooda soit budget for Acri. 2. Prepere the selirg und adivinatrative eupense budget for Aaril. 4. Prepure the schedule of caah rece pts fram cuatomers for A cel 5. Prepowe the schedue of eash payments for talling and administative expentes for Aorit. c. Prepare the cash budget for Apri. Astume the compary does not vote stort-term fnanoing to maintain a minimsm caah balance 7. Prepare the budgeted incsme stitement for Aorit. 8. Prepare the budgeled bulance sheet at Aon 30,2016 9. Prepare the budceled statement of eash fown for Apri