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Balance Sheet March 31, 2024 Assets Current Assets: \begin{tabular}{|c|c|c|c|} \hline Cash & is & 50,900 & \\ \hline Accounts Receivable & & 13,600 & \\ \hline Merchandise Inventory & & 12,100 & \\ \hline Total Current Assets & & & 76,600 \\ \hline \multicolumn{4}{|l|}{ Property, Plant, and Equipment: } \\ \hline Equipment and Fixtures & & 80,600 & \\ \hline Less: Accumulated Depreciation & & (13,100) & 67,500 \\ \hline Total Assets & & & 144,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Liabilitie & & & & h \\ \hline \multicolumn{5}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & & & $ & 8,000 \\ \hline \multicolumn{5}{|c|}{ Stockholder's' Equity } \\ \hline Common Stock, no par & $ & 55,000 & & \\ \hline Retained Earnings & & 81,100 & & \\ \hline Total Stockholders' Equity & & & & 136,100 \\ \hline Total Liabilities and Stockholders' Equity & & & $ & 144,100 \\ \hline \end{tabular} 1. Prepare the sales budget for April. 2. Prepare the inventory, purchases, and cost of goods sold budget for April. 3. Prepare the selling and administrative expense budget for April. 4. Prepare the schedule of cash receipts from customers for April. 5. Prepare the schedule of cash payments for selling and administrative expenses for April. 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. 7. Prepare the budgeted income statement for April. 8. Prepare the budgeted balance sheet at April 30, 2024. Requirement 1. Prepare the sales budget for April. Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April. Key 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 Requirement 4. Prepare the budgeted cash receipts from customers for April. Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April. Key Printing Supply Cash Budget For the Month Ended April 30, 2024 Cash available Cash payments: Cash payments: Total cash payments Ending cash balance IUtai WcinIy heroperenco- Requirement 8. Prepare the budgeted balance sheet at April 30, 2024. Review the cash budget you prepared above. Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities: Total Liabilities Stockholders' Equity Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared above. Gross Profit Selling and Administrative Expenses

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