Notebook Office Supply Balance Sheet March 31, 2024 Assets Current Assets: Cash $ 20,000 Accounts Receivable 15,000 Merchandise Inventory 26,500 1,000 Prepaid Insurance Total Current Assets $ 62,500 Print Done Total Current Assets $ 62,500 Property, Plant, and Equipment: Equipment and Fixtures 55,000 (30,000) Less: Accumulated Depreciation 25,000 Total Assets $ 87,500 Liabilities $ Current Liabilities: Accounts Payable Salaries and Commissions Payable Total Liabilities 11,000 5,425 $ 16,425 Stockholders' Equity Common Stock, no par 13,000 58,075 Retained Earnings Total Stockholders' Equity 71,075 Total Liabilities and Stockholders' Equity 87,500 Requirement 1. Prepare Notebook's sales budget for April and May 2024. Round all amounts to the nearest dollar. Notebook Office Supply Sales Budget April and May, 2024 April May Total budgeted sales us . 1. Prepare Notebook's sales budget for April and May 2024. Round all calculations to the nearest dollar. 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. 3. Prepare Notebook's selling and administrative expense budget for April and May ay Print Done Notebook Office Supply Balance Sheet March 31, 2024 Assets Current Assets: Cash $ 20,000 Accounts Receivable 15,000 Merchandise Inventory 26,500 1,000 Prepaid Insurance Total Current Assets $ 62,500 Print Done Total Current Assets $ 62,500 Property, Plant, and Equipment: Equipment and Fixtures 55,000 (30,000) Less: Accumulated Depreciation 25,000 Total Assets $ 87,500 Liabilities $ Current Liabilities: Accounts Payable Salaries and Commissions Payable Total Liabilities 11,000 5,425 $ 16,425 Stockholders' Equity Common Stock, no par 13,000 58,075 Retained Earnings Total Stockholders' Equity 71,075 Total Liabilities and Stockholders' Equity 87,500 Requirement 1. Prepare Notebook's sales budget for April and May 2024. Round all amounts to the nearest dollar. Notebook Office Supply Sales Budget April and May, 2024 April May Total budgeted sales us . 1. Prepare Notebook's sales budget for April and May 2024. Round all calculations to the nearest dollar. 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. 3. Prepare Notebook's selling and administrative expense budget for April and May ay Print Done