please help!

Minden Conpany is a wholesele distributor of premium European chocolates. The company/s balance sheet as of April 30 is given below: The company is in the process of preparing a budget for May and has assembled the folowing data: a. Soles bre budgated ot $244,000 for May, Of these soles, $73.200 will be for cash, the temainder will be credit sales One-har of a month's credit sales are colected in the month the sales are mode, and the remainder is collected in the following month. Alt of the April 30 accounts recelvable wit ber collected in Moy. b. Purchases of imventory ore expected to total $130,000 durind. Woy. These purchoses wil all be on account. Forty percent of ell purchases are paid for in the month of purchase, the remainder ate pald in the following monts. All of the Aprit Jo sccounts payable to suppliers will be paid during Moy. c. The Moy 31 inventory bolance is budgeteit ot $40,500. d. Seling and administrative expenses for May are budgeted at $84,300, exclusive of depreciation. These expenses will be poid in cesh Depreciation is budgeted at $3,950 for the month. e. The note payable on the Apei 30 bolance sheet wil be poid during Moy, Wh $430 in intereat. (All of the interest relates to May) t New refigerating equipment costing $7,800 wil be purchased for cash during Moy. 9. During Moy the compary wer bortow $20700 from its bank by aking a new note poyable to the bank for that emount. The new. note wa be due in one year. Required: 1. Calculate the expected cosh collections from customers for Moy 2. Celculate the expected Cash disburtements far merchandise purchasts for May 3. Prepore a cain budget for Mily 4. Prepare a budohted income statement for May. 5. Piepare a budgeted balance sheet os of Moy in Complete this question by entering veur ancwers in the tabe below. 1. Cualde the expected cash collecteoni from cortomers tor Mux