Ruler Office Supply's March 31, 2024, balance sheet follows: (Click the icon to view the balance sheet.) Requirement 1. Prepare Ruler's sales budget for April and May 2024. Round all amounts to the nearest dollar. Ruler Office Supply Sales Budget April and May, 2024 April Total budgeted sales ... May The budget committee of Ruler Office Supply has assembled the fo i (Click the icon to view the data.) Read the requirements.

Ruler Office Supply's March 31, 2024, balance sheet follows (Click the icon to wew the balance shoot) The budget commatee of Rulor Ofice Supgily has assembled the t (i) (Click the icon to vew the data) Resd the toguirements Requirement 1. Preparo Ruler's sales budget for Apeil and May 2024 Round all amounts to tho nearest dollar Data table Data table a. Sales in April are expected to be $140,000. Ruler 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. Ruler maintains inventory of $7,000 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 $6,000. Sales commissions equal 5% of sales for that month. d. Other monthly expenses are as follows: - Rent: $2,600 - Depreciation: $400 - Insurance: $300 - Income tax: $1,700