Printer Office Supply's March 31, 2018, balance sheet follows: The budget committee of Printer Office Supply has (Click the icon to view the balance sheet.) (assembled the following data: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare Printer's sales budget for April and May 2018. Round all amounts to the nearest dollar. Data table a. Sales in April are expected to be $60,000. Printer 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. b. Printer 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. c. Monthly salaries amount to $5,000. Sales commissions equal 5% of sales for that month. d. Other monthly expenses are as follows: - Rent: $2,400 - Depreciation: $300 - Insurance: $200 - Income tax: $1,700 1. Prepare Printer's sales budget for April and May 2018. Round all calculations to the nearest dollar. 2. Prepare Printer's inventory, purchases, and cost of goods sold budget for April and May. 3. Prepare Printer's selling and administrative expense budget for April and May