1. Please prepare a budgeted income statement for May

2.Prepare a budgeted balance sheet as of May 31

PROBLEM 8-17 Cash Budget; Income Statement; Balance Sheet Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: Minden Company Balance Sheet April 30 Assets 9,000 54,000 30,000 ash Accounts receivable ...._....___ ....___. . .._ _ . . . _.. Buildings and equipment, net of depreciation 207,000 __ _ _ . . . . . . . . . . .. Liabilities and Stockholders' Equity Note payable 42,500 Total liabilities and stockholders' equity . .. . . .. _ . . .. . . ._. . . ..$300,000