Managerial accounting please help with complete answer

Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as April 30 is given Minden Company Balance Sheet April 30 Assets Cash 18,500 Accounts receivable 58,500 Inventory 40,750 Buildings and equipment, net of depreciation 202,000 Total assets 319,750 Liabilities and Stockholders' Equity Accounts payable 67,750 Note payable 15,800 Common stock 180,000 Retained eamings 56,200 Total liabilities and stockholders' equity 319,750 The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budgeted at $263,000 for May. of these sales, s78,900 will for cash; the remainder will be credit sales. One-half of a month's credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May b. Purchases of inventory are expected to total $193,000 during May. These purchases will all be on account. Forty percent of all purchases are paid for in the month of purchase: the remainder are paid in the following month. All of the April 30 accounts payable to suppliers will be paid during May. c. The May 31 inventory balance is budgeted at $63,000 d. Selling and administrative expenses for May are budgeted at s73,200, exclusive of depreciation. These expenses will cash. Depreciation is budgeted at $4,650 for the month. e. The note payable on the April 30 balance sheet will be paid during May, with $210 in interest. (All of the interest relates to May.) f New refrigerating equipment costing $11,900 will be purchased for cash during May g. During May, the company will borrow S27,200 from its bank by giving a new note payable to the bank for that amount. The new note will be due in one year