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Requirement 8. Prepare the budgeted balance sheet at April 30, 2018 Review the cash budget you prepared above. Box Printing Supply Budgeted Balance Sheet April 30, 2018 Assets Current Assets: Total Current Assets Property, Plant, and Equipment PE ey Total Assets 0 EN Choose from any list or enter any number in the input fields and then click Check Answer part remaining O Type here to search Box Printing Supply Cash Budget For the Month Ended April 30, 2018 Beginning cash balance Cash receipts from customers Cash available Cash payments 51,200 81,300 132,500 Purchases of merchandise inventory Selling and administrative expenses Capital expenditures Payments for dividend 43,850 16,150 16,800 6,000 82,800 49,700 Total cash payments Ending cash balance Print Done Box Printing Supply Balance Sheet March 31, 2018 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Total Current Assets s51,200 14,900 12,600 s 78,700 Property, Plant, and Equipment Equipment and Fixtures 80,400 (12,300) 68,100 Less: Accumulated Depreciation S 146,800 Total Assets Liabilities Current Liabilities: Accounts Payable s 8,200 Stockholders' Equity S 20,000 118,600 Common Stock, no par Retained Earnings 138,600 Total Stockholders' Equity $ 146,800 Total Liabilities and Stockholders' Equity Print Done More Info April dividends of $6,000 were declared and paid. b. April capital expenditures of $16,800 budgeted for cash purchase of equipment C. April depreciation expense, $700 d. Cost of goods sold, 45% of sales. e. Desired ending inventory for April is $29,500. f. April selling and administrative expenses include salaries of $30,000, 40% of which will be a. paid in cash and the remainder paid next month. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. April budgeted sales, $83,000, 80% collected in April and 20% in May. a. : h. i.April cash payments of March j. April purchases of inventory, $17,050 for cash and $37,200 on account. Half the credit 31 liabilities incurred for March purchases of inventory, $8.200. purchases will be paid in April and half in May Print Done 37,350 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: 45,650 $4,150 30,000 700 Miscellaneous Expense Accounts Payable Accounts Receivable Cash Common Stock Depreciation Expense Equipment and Fixtures Less: Accumulated Depreciation Merchandise Inventory Prepaid Insurance 34,850 S 10,800 e sheet at April 30, 2018. ply Sheet Rent Expense Retained Earnings Salaries Payable Sales Revenue 10 LOPE Total Current Assets Property, Plant, and Equipment Total Assets