Minden Company is a wholesale distributor of premium European chocolates.

Minden C below: ompany is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given Minden Company Balance Sheet April 3e Assets Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets $ 9,988 54,000 287,880 , 300,00e Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings Total liabilities and stokholders' equity $ 63,00e 14,500 180,880 42, 580 300,00e The company is in the process of preparing a budget for May and has assembled the following data