Minden sheet as of April 30 is given below Company is a wholesale distributor of premium European chocolates. The company's balance Minden Company Balance Sheet April 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation s 9,000 54,000 30,000 207,000 8 Total assets $ 300,000 Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings $ 63,000 14,500 180,000 42.500 300,000 Total liabilities and stockholders' equity The company is in the process of preparing a budget for May and has assembled the following data Sales are budgeted at $200 000 for May Of these sales 560 000 will be 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