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Data table Key Printing Supply of Ballimore has applied for a loan lis bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024 balance sheet follows: (Chick the icon to view the balance sheet) As Key Printing Supply/s controller, you hive assembled the following additional inlormation: (1) (Click the ken to view the information) Roart the ramirequents Requirement 1. Prepare the sales budget for April Requirement 2. Prepare the inventory, purchaset, and cost of goods sold budget for Aprit More info a. April dividends of $4,500 were declared and paid. b. April capital expenditures of $17,000 budgeted for cash purchase of equipment. c. April depreciation expense, $300. d. Cost of goods sold, 40% of sales. e. Desired ending inventory for April is $28,300. f. April selling and administrative expenses include salaries of $34,000,20% 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, $85,000,60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $7,800. j. April purchases of inventory, $12,700 for cash and $37,500 on account. Half the credit purchases will be paid in April and half in May

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