Total Assets Liabilities Current Liabilities: Accounts Payable $7,900 Stockholders' Equity a. April dividends of $6,500 were declared and paid. b. April capital expenditures of $16,500 budgeted for cash purchase of equipment. c. April depreciation expense, $700. d. Cost of goods sold, 45% of sales. e. Desired ending inventory for April is $22,800. f. April selling and administrative expenses include salaries of $33,000,25% of which will be paid in cash and the remainder paid next month. g. Additional April selling and administrative expenses also include miscellaneous expenses of 15% of sales, all paid in April. h. April budgeted sales, $86,000,60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $7,900. j. April purchases of inventory, $11.500 for cash and $37.900 on account. Half the credit purchases will be paid in April and half in May. Sheet Printing Supply of Bakinore has applied for a loan. its bank has requested a . As Sheet Printing Supplys controller, you kave assentiled the following additional budgoted income statement for Aprill 2024 and budjeted balance sheet at Apeil 30.2024. A Snestormation The March 31,2024 , balance sheet follows: (Click the icon to view the balance shect) Cick the icon to wew the information.) Read the teguiemerits Requirement 1. Pregare the sales budget for Aprl Requirement?. Prepare the inventcry, purchawes, and cost af goods sold budgetfor Apri Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Sheet Printing Supply Inventory, Purchases, and Cost of Goods Sold Budget For the Month Ended April 30, 2024 Plus: Total merchandise inventory required Less: Budgeted Purchases Sheet Printing Supply Selling and Administrative Expense Budget For the Month Ended April 30, 2024 Variable expenses: Fixed expenses: Total fixed expenses Total selling and administrative expenses Sheet Printing Supply Budgeted Cash Receipts from Customers For the Month Ended April 30, 2024 Current month sales, 60% Prior month sales, 40% Total cash receipts Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. For the Month Ended April 30, 2024 Cash available Cash payments: Total cash payments Ending cash balance Sheet Printing Supply Budgeted Income Statement For the Month Ended April 30, 2024 Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Net income (loss) April 30,2024 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Total Liabilities Stockholders' Equity Total Stockholders Equity Total Liabilities and Stockholders' Equity