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Notebook Office Supply's March 31 , 2016, balance sheet follows. (Click the icon to view the balance sheet) The budget committee of Notebook Office Supply has assembled the following data: O (Click the icon to view the data.) Read the requirements. Requirement 1 . Prepare Notebook's sales budget for April and May 2016_ Round all amounts to the nearest dollar. Current Assets: Cash Notebook Office Supply Balance Sheet March 31, 2016 Assets S Notebook Office Supply Sales Budget April and May, 2016 April Total budgeted sales Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation 18,000 18,000 37,500 1 ,500 55,000 (147000) May Requirements . Prepare Notebook's sales budget for April and May 2016 Round all amounts to the nearest dollar. 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. 3. Prepare Notebook's selling and administrative expense budget for April and May. 75,000 41 ,000 116,000 Total Assets Current Liabilities: Liabilities print Done