PLEASE RESPOND TO ALL 4 REQUIREMENTS

Requirements Requirement 1. Show aeparate computations for cash, inventory, and onners' equity balancea. Begin by calculating the cash balance 1. Prepare the budgeted balance sheet for Box Medical Suoply at April 30. Show separate computations for cash, inventory, and owncrs' equity balances. 2. Prepare the combined cash budget for April. 3. Suppose Bax medcal Supply has become aware of more efticient iand more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, betore financing, if the minimum desired ending cash balance is $19,000 ? (For this requ rement, disredard the $42,300 initially budgeted for equipment purchases.) 4. Before granting a kan to Box Mecical Supply. Aetropolitan National Bank asks for a sensitivity analysis assuming that April sales are only $58,000 rather than the $34,000 originally budgeted. (While the cost of goods aold will change, assume that purchases, depreciation, and the olher operating expenses will rerrain the same as in the earlier requirements.) a. Prepare a revised budgeted balance sheet for Box Mledlal Supply, showing separate computations for cash, inventory, and owners' equity balances. b. Suppose Box Medical Supply has a minimum desired cash balance of $21,000. Will the comoary need to borrow cash in April? Data table a. March 31 equipment balance, $52,700; accumulated depreciation, $41,700. b. April capital expenditures of 542,300 budgeted tor cash purchase ot ecuipment c. April depreciation expense, 5200 . d. Cost of goods sold, 40% of sales. e. Other April operating expenses, including income tax, total $13,400.25% of which will be paid in cash and the remainder accrued at April 30. 1. March 31 owners' ecuity, sg3,300. g. March 31 cash balance, $40,600. April and half in May- i. April cash collections cn March sales. $29,900. j. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,200. k. March 31 inventory balarice, $29,000. I. April purchases of inventory, $10.900 for cash and $36.200 on credit. Half of the credit purchases will be paid in Aoril and half in Mau