Prepare the sales budget for April.

Prepare the inventory, purchases, and cost of goods sold budget for

April.

Prepare the selling and administrative expense budget for April.

Prepare the schedule of cash receipts from customers for April.

Prepare the schedule of cash payments for selling and administrative

expenses for April.

Prepare the cash budget for April. Assume the company does itot

use short$-$term financing to maintain a minimum cash balance.

Prepare the budgeted income statement for April.

Prepare the budgeted balance sheet at April $30,2016.$

Prepare the budgeted statement of cash flows for April.

a$.$ April dividends of $$6,000$ were declared and paid.

b$.$ April capital expenditures of $$16,900$ budgeted for cash purchase of equipment.

c$.$ April depreciation expense, $$400.$

d$.$ Cost of goods sold, $40\%$ of sales.

e$.$ Desired ending inventory for April is $$26,900.$

f$.$ April selling and administrative expenses include salaries of $$29,000,40\%$ of which will be

paid in cash and the remainder paid next month.

g$.$ Additional April selling and administrative expenses also include miscellaneous expenses of

$15\%$ of sales, all paid in April.

h$.$ April budgeted sales, $$83,000,65\%$ collected in April and $35\%$ in May.

i$.$ April cash payments of March $31$ liabilities incurred for March purchases of inventory, $$8,200.$

j$.$ April purchases of inventory, $$9,900$ for cash and $$37,600$ on account. Half the credit

purchases will be paid in April and half in May.

ee sheet at April $30,2016,$ and a budgeted statement of cash flows for April. The March $31,2016$

Data table