Thumbtack Office Supply's March 31, 2018, balance sheet follows: Prepare Thumbtack's sales budget for April and May 2018. Round all amounts to the nearest dollar

i Data Table RP22-42A (similar to) Thumbtack Office Supply's March 31, 2018, balance sheet follows: Click the licor to view the balance shoot.) The budget committee of Thumbtack Office Supply has 2554 Click the icon to view the data.) Read the Requirement 1. Prepare Thumbtack's sales budget for Apnl and May 2018. Round al amounts to the nearest dollar. Thumbtack Office Supply Balance Sheet March 31, 2018 Assets Current Assets: Cash Accounts Receivable Marchands Inventory Prepaid Insurance Total Current Assets Property. Plan and Equipment Equipment and Fixtures LASS An d Depreciation 20,000 20,000 19,000 1,500 Thumbtack Office Supply Sales Budget April and May, 2018 April May Total budgeted sales S 40.000 $ 40,000 Requirement 2. Prepare Thumbtack's inventory, purchases, and cost of goods sold budget for Apri and May. Thumbtack Supply Company i Inventory, Purchases, and cost of Goods Sold Budget April and May, 2018 April # Cost of gocca gold Pus: Desired ending merchandise inventory Total merchandise inventory required Loss Beginning merchandise wentary d. Budgeted Purchases More Info 42,000 128.000 14.000 74.500 3 way Sales in Apriare expected to be $10,000, Thurra for the monthly sales wil ingrene 2% Nr April sales in May. Junc's salcs wil inarcasc by 4% aver April sales. July salcs wil ince 20% over April Bales Thumbtack maintains inventory of $14,000 plus 20% of the cost of goods sold budgated for the following month. Cost of goods sold equal 50% of sales revenue. Monthly salaries arount to $10,000. Salon commissions quals of sales for that month. Other monthly expenses are as folows - Rent: $2,600 Depreciation: 3700 Insurance Senn Income tac S2.400 2,333 Total Assels Liabilis Current Liabilities: Accounts Payable Salaries and Commissions Payable Total Liablities Stockholders' Equity Commor Stock, no per Ratanad Famines Told Stockhokers' Equity Total Liabilies and Stockholders' Equity $ 23,333 10,000 35,167 Print Done 51.187 74 500