Profossional Printing Supply of BaSmore has applied for a boan. Its bank has requested a budpeted income statement for April 2024 and budgeled balance sheet at Aprit 30, 2024, The As Professional Printing Supply's controler, you have assembled the following March 31, 2024, balance sheet foliows additional infermation: (Cick the ionn to view the balance sheot) Cick the icon to viow the information.) Read the requiremerts. Requirement 1, Prepare the sales budget for Apnt Requirement 2. Prepare the inventory, purchases, and cest of goods seld budget for Apri. a. Apnil dividends of 54,000 were declared and paid b. Apnl capital mxpendhures of 516,400 budoefed for cash purchase of equpment c. Apnl depreciation expente, $400 d. Cost of goods soid, 40% of kales e. Desired ending imentory for Apeil is $26.900 1. Apnl seling and administrative expenses include salaries of 529,000,25% of which wall be paid in cash and the remainder pad next month 9. Addtional Apol seling and adminittrative expenses also include miscellaneous expenses of 10\% ol saleh all paid in April. A. Apnl budoeted sales, 103,060, 60\% collected in April and 40% in May 1. Apri cash paymente of Marth 31 habites incured for March putchases of invenory, 57,600 1. April purthases of inventory. $11,400 for cash and 137,000 on accoumt Hair the credt puechases will be paid in Apri and haif in May. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Requirement 3. Prepare the selling and administrative expense budget for April. Requirement 3. Prepare the selling and administrative expense budget for April. Requirement 4. Prepare the budgeted cash receipts from customers for April. Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Requirement 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. Review the budgeted cash receipts from customers you prepared above. Review the budgeted cash payments for selling and administrative expenses you prepared above. Requirement 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. Review the budgeted cash receipts from customers you prepared above. Review the budgeted cash payments for selling and administrative expenses you prepared above. Professional Printing Supply Cash Budget For the Month Ended April 30, 2024 Cash available Cash payments: Total cash payments Ending cash balance Requirement 7. Prebare the budaeted income statement for Abril. Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared above. Requirement 8. Prepare the budgeted balance sheet at April 30, 2024. Review the cash budget you prepared above. Professional Printing Supply Budgeted Balance Sheet April 30, 2024 Assets Current Assets: Total Current Assets Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities: Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
