sheet on April 30 is as follows Balance Sheet Assets Cash Accounts receivable, customers Inventory Buildings and equipment, net of depreciation s 16.200 63,000 35,400 243,000 Total assets $357,600 Liabilities and Shareholders' Equity Accounts payable, suppliers Note payable Capital shares, no par Retained earnings $ 73,800 18,100 216,000 49.700 $357,600 Total liabilities and shareholders' equity he company is in the process of preparing budget data for May A number of budget tems have aiready een prepared, as follows Sales are hudgeted at $560,000 for May. Of these sales. $168,000 will be for cash, the remainder will be hn month the sales are made and the