Problem 7-18A Cash Budget; Income Statement; Balance Sheet Changing Assum Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below Minden Company Balance Sheet April 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation $ 9,000 54,000 30,000 207,000 Total assets 300,000 Liabilities and Stockholders' Equity Accounts payable $ 63000 14.500 180,000 42.500 Note payable Common stock Retained earnings Total liabilities and stockholders equity $ 300.000