Cube Office Supply March 31 2024 balance sheet fotos the con la view the balance she The budget committee of Cube Office Supply has embled the following data Click the icon to the data) Regulament 1. Prepare Cube's sale bude for April May 2024 Hound at amount to the nearest door Cube mice Supply Aprenda 2024 Me Cube Office Supply Balance Sheet March 31, 2024 Assets Current Assets Cash CA 23,000 Accounts Receivable 15,000 Merchandise Inventory 25 500 1.500 Prepaid Insurance Total Current Assets $ 65,000 Property Plant, and Equipment Equipment and Fixtures Less Accumulated Depreciation 42.000 (15.000) 27 000 27,000 (15,000) Less: Accumulated Depreciation $ 92,000 Total Assets Liabilities Current Liabilities: Accounts Payable S 19,000 7,050 Salaries and Commissions Payable Total Liabilities $ 26,050 Stockholders' Equity Common Stock, no par 14.000 51,950 Retained Earnings 65.950 Total Stockholders Equity S 92.000 Total Liabilities and Stockholders. Equity 1. Prepare Cube's sales budget for April and May 2024. Round all calculations to the nearest dollar. 2. Prepare Cube's inventory, purchases, and cost of goods sold budget for April and May 3. Prepare Cube's selling and administrative expense budget for April and May. a. Sales in April are expected to be $140,000. Cube forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales. b. Cube maintains inventory of $8,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. Monthly salaries amount to $8,000. Sales commissions equal 5% of sales for that month. d. Other monthly expenses are as follows: Rent: $2.200 Depreciation. $600 Insurance $300 Income tax $2.000 C