OUVI. lipcu 2.4 TL -VVUIN core: 0 of 20 pts B of completa) HW Score: 79,4 P22-42A (similar to) Thumbtack Office Supply's March 31, 2018, balance short follows EF! Click the icon to view the balance sheet) The budget committee of Thumbtack Office Supply has assembled the following data i Gick the icon to view the data Read the recents Requirement 1. Prepare Thumbtack's sales budget for April and May 2018 Round amounts to the rest dollar Thumbtack Office Supply Sales Budget April and May, 2018 April May Total budget des 40000 Enter any number in the edities and then cho Check Answer CA Checker 2 parts remaining O G mework 6 of 6 (5 complete) Data Table - upply has assem M Thumbtack Office Supply Balance Sheet March 31, 2018 Assets Current Assets Cash $ 30,000 Accounts Receivable 20.000 Merchandise Inventory 19,000 Prepaid Insurance 1.000 Total Current Assets $ Property. Plant, and Equipment Equipment and Fixtures 52,000 123,000) 70.000 WE 29.000 Print Done Homework 6 of 6 (5 complete) follows i Data Table - Apply has Less: Accumulated Depreciation 29,000 il and M Total Assets (23.000) $ 99,000 Liabilities ay 10,000 5,600 Current Liabilities Accounts Payable $ Salaries and Commissions Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity $ 15,600 12.000 71.400 83.400 kAnswe S 99.000 Print Done acer Total Assets $ 99,000 Liabilities 10,000 5,600 Current Liabilities: Accounts Payable $ Salaries and Commissions Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 15.600 12,000 71,400 83,400 99,000 Print Done acer 6 of 6 (5 complete) The budget committee of Thumbtack Office Sup Click the icon to view the data.) More Info Sales in April are expected to be $40,000. Thumbtack forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales Thumbtack maintains inventory of $14,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. Monthly salaries amount to $3,000. Sales commissions equal 5% of sales for that month. Other monthly expenses are as follows: Rent: $2.200 Depreciation: $700 Insurance: $500 Income tax: $2,400 Print Done ser Clear All