Minden Company is a wholesale distributor of premium European chocolates. The company's bolo cheet as of April 30 is given below: Connect Minden Company Balance Sheet April 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets $ 10,300 70,000 43,000 227,000 $ 350,300 Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings Total liabilities and stockholders' equity $ 86,000 23,000 180,000 61,300 $ 350,300 The company is in the process of preparing a budget for May and has assembled the following data