Box Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted...

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Box Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2025 and budgeted balance sheet at April 30, 2025. View the March 31, 2025 balance sheet. As Box Printing Supply's controller, you have assembled the following additional information: View the additional information. Read the requirements. Requirement 1. Prepare the sales budget for April. Box Printing Supply Sales Budget For the Month Ended April 30, 2025 Total budgeted sales March 31, 2025 Balance Sheet Current Assets: Cash Accounts Receivable March 31, 2025 Assets Merchandise Inventory Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation Total Assets Current Liabilities: Accounts Payable Liabilities 50,800 14,400 11,600 76,800 80,400 (12,300) 68,100 $ 144,900 $ 8,500 Stockholders' Equity Common Stock, no par $ 35,000 Retained Earnings 101,400 Total Stockholders' Equity 136,400 $ 144,900 Total Liabilities and Stockholders' Equity - Additional Information a. April dividends of $7,000 were declared and paid. b. April capital expenditures of $16,100 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost of goods sold, 45% of sales. e. Desired ending inventory for April is $28,300. f. April selling and administrative expenses include salaries of $30,000, 25% 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 10% of sales, all paid in April. h. April budgeted sales, $88,000, 60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,500. j. April purchases of inventory, $19,200 for cash and $37,100 on account. Half the credit purchases will be paid in April and half in May. Print Done - X 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. 5. Prepare the schedule of cash receipts from customers for April. 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. Prepare the budgeted income statement for April. 7. 8. Prepare the budgeted balance sheet at April 30, 2025. Print Done - Box Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2025 and budgeted balance sheet at April 30, 2025. View the March 31, 2025 balance sheet. As Box Printing Supply's controller, you have assembled the following additional information: View the additional information. Read the requirements. Requirement 1. Prepare the sales budget for April. Box Printing Supply Sales Budget For the Month Ended April 30, 2025 Total budgeted sales March 31, 2025 Balance Sheet Current Assets: Cash Accounts Receivable March 31, 2025 Assets Merchandise Inventory Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation Total Assets Current Liabilities: Accounts Payable Liabilities 50,800 14,400 11,600 76,800 80,400 (12,300) 68,100 $ 144,900 $ 8,500 Stockholders' Equity Common Stock, no par $ 35,000 Retained Earnings 101,400 Total Stockholders' Equity 136,400 $ 144,900 Total Liabilities and Stockholders' Equity - Additional Information a. April dividends of $7,000 were declared and paid. b. April capital expenditures of $16,100 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost of goods sold, 45% of sales. e. Desired ending inventory for April is $28,300. f. April selling and administrative expenses include salaries of $30,000, 25% 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 10% of sales, all paid in April. h. April budgeted sales, $88,000, 60% collected in April and 40% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,500. j. April purchases of inventory, $19,200 for cash and $37,100 on account. Half the credit purchases will be paid in April and half in May. Print Done - X 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. 5. Prepare the schedule of cash receipts from customers for April. 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. Prepare the budgeted income statement for April. 7. 8. Prepare the budgeted balance sheet at April 30, 2025. Print Done -