Sheet printing supply
balance sheet
march 31, 2016
assets
current assets:
cash 50,700
accounts receivable 16,300
merchandise inventory 11,800
total current assets $ 78,800
property, plant, and equipment:
equipment and fixtures 81,300
less: accumulated depreciation (12,800) 68,500
total assets $ 147,300
liabilities:
current liabilities:
accounts payable $ 8,300
stockholders' equity:
common stock, no par 45,000
retained earnings 94,000
total stockholders' equity $139,000
total liabilities and stockholders' equity $147,300

requirements:
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, 2018.