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Notebook Offre Supply's March 31, 2016, balance sheet follmvs: (Click the icon to vuw the balance sheet) The budget committee of Notebook Office Supply has assembled the following data: O (Click tie icon to vw the data.) Read the tequtements Requirement 1. Prepare Notebooks sales budget for Apnl and May 201& Round all amounts to the nearest dollar Notebook Office Supply Sales Budget April and May, 2016 Notebook Office Supply Balance Sheet March 31, 2016 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Property. Plant. and Equipment: Equipment and Fixtures Less: Accumulated Depreciation Total Assets Requirements 18,000 18,000 37,500 1 ,500 551000 (14,000) 75.000 41,000 116,000 April Total budgeted sales Current Liabilities: Accounts Payable May Liabilities S Salaries and Commissions Payable Total Liabilities Common Stock, no par Retained Earnings Stockholders' Equity 16,000 6,000 21 ,ooo 73,000 22,000 000 116,000 2. Prepare Notebook's sales budget for April and May 201 & Round all amounts to the nearest dollar Prepare Notebook's inventory, purchases, and cost ot goods sold budget tor April and May Prepare Notebooks selling and administrative expense budget for April and Total Stockholders' Equity Total Liabilities and Stockholders' Equity