X Data table a. March 31 equipment balance, $52,300; accumulated depreciation, $41,900 b. April capital expenditures of $42,500 budgeted for cash purchase of equipment c. April depreciation expense, $400 d. Cost of goods sold, 45% of sales e. Other April operating expenses, including income tax, total $13,000, 35% of which will be paid in cash and the remainder accrued at April 30 f. March 31 owners' equity, $92,500 g. March 31 cash balance, $40,300 h. April budgeted sales, $88,000, 70% of which is for cash. Of the remaining 30%, half will be collected in April and half in May i. April cash collections on March sales, $29,000 j. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17, 100 k. March 31 inventory balance, $29,900 I. April purchases of inventory, $10,800 for cash and $36,800 on credit. Half of the credit purchases will be paid in April and half in May Print DoneSheet Printing of Mississauga has applied for a loan. Scotiabank has requested a budgeted balance sheet as of April 30 and a combined cash budget for April. As Sheet Printing's controller, you have assembled the following information: (Click the icon to view the information.) Requirements . . . Requirement 1. Prepare the budgeted balance sheet for Sheet Printing at April 30. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. Cash Beginning balance $ 40,300 Cash inflows: Cash sales 61,600 Collections 42,200 Cash outflows: Payment of March liabilities (17, 100) Cash purchases (10,800) Payments for April (credit) purchases (18,400) Purchase of equipment (42,500) Operating expenses (4,550) Ending balance $ 50,750 Calculate the inventory balanceSheet Printing of Mississauga has applied for a loan. Scotiabank has requested a budgeted balance sheet as of April 30 and a combined cash budget for April. As Sheet Printing's controller, you have assembled the following information: (Click the icon to view the information.) Requirements Calculate the inventory balance. Inventory Beginning balance $ 29,900 Add: Purchases 47,600 Less Cost of goods sold 39,600) Ending balance $ 37,900 Calculate the owners' equity balance. Owners' Equity Beginning balance $ 92,500 Add: Revenues 88,000 Less: Expenses (53,000) $ Ending balance 127,500Sheet Printing of Mi55issauga has applied for a loan Scotiabank has requested a budgeted balance sheet as oprril 30 and a combined cash budget torApril As Sheet Printing's controller, you have assembled the following information: a (Click the icon to view the information.) Ft_equiren1ents Ending balance Prepare the budgeted balance sheet for Sheet Printing at April 30 Sheet Printing Budgeted Balance Sheet April 30 Assets Current assets: Cash Accounts receivable Inventory Total current assets Plant assets Equipment Accumulated depreciation Total assets Requirements 1. Prepare the budgeted balance sheet for Sheet Printing atApril 30. Show separate computations for cash, inventory. and owners' equity balances. 2. Prepare the combined cash budget forApril. 3. Suppose Sheet Printing has become aware of more efficient (and more expensive} equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April: before financing: ifthe minimum desired ending cash balance is $13000? [For this requirement. disregard the $42500 initially budgeted for equipment purchases.) 4. Before granting a loan to Sheet Printing, Scotiabank asks for a sensitivity analysis assuming that April sales are only $5366? rather than the 583.033 originally budgeted. {While the cost of goods sold will change, assume that purchases, depreciation. and the other operating expenses will remain the same as in the earlier requirements} a. Prepare a revised budgeted balance sheet for Sheet Printing. showing separate computations for cash; inventory; and owners' equity balances. b. Suppose Sheet Printing has a minimum desired cash balance of $21 ,GDO. Will the company need to borrow cash in ritpril'?I c. In this sensitivity analysis. sales declined by 33 133% ($23333 388.000}. Is the decline in expenses and income more or less than 33 'li3%\"? Explain. .@