Medical Supply has applied for a loan. America's Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for April. As Instrument

Medical Supply's controller, you have assembled the followinginformation:

Data Table:

a	March 31 equipment balance,$52,200; accumulateddepreciation,$41,000.
b.	April capital expenditures of $42,900 budgeted for cash purchase of equipment.
c.	April depreciation expense,$900.
d.	Cost of goods sold, 55% of sales.
e.	Other April operating expenses, including income tax, total $13,000, 30% of which will be paid in cash and the remainder accrued at April 30.
f.	March 31 owners' equity, $92,800.
g.	March 31 cash balance, $40,000.
h.	April budgeted sales, $91,000, 70% of which is for cash. Of the remaining 30%, half will be collected in April and half in May.
i.	April cash collections on March sales, $29,600.
j.	April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,400.
k.	March 31 inventory balance, $29,400.
l.	April purchases of inventory, $10,100 for cash and $36,700 on credit. Half of the credit purchases will be paid in April and half in May.

Prepare the budgeted balance sheet for

InstrumentInstrument

Medical Supply at April 30.

	Instrument Medical Supply
	Budgeted Balance Sheet
	April 30

Assets
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Plant assets:
Equipment
Accumulated depreciation
Total assets