COMPANY COMPLETING A COMPREHENSIVE BUDGETING PROBLEM-MERCHANDISING imore, MD has applied for a loan. Its bank has requested a Budgeted Professional Printing Supply of Balt Balance Sheet at April 30, 2017 and a Budgeted Statement of Cash Flows for complete these budgets all necessary Budgets and Pro Forma Financials must March 31, 2017 Balance Sheet follows April. However, to also be complete. The PROFESSIONAL PRINTING SUPPLY BALANCE SHEET MARCH 31, 2017 ASSETS Current Assets: Cash Accounts Receivable Inventory $51,000 14,200 12,.200 Total Current Assets: 77,400 Property, Plant, & Equipment: Equipment & Fixtures Less: Accum. Dep. Equip & Fix $80,400 (12.300) 68.100 Total Property, Plant, & Equipment: 68,100 TOTAL ASSETS: $145,500 LIABILITIES Current Liabilities: Accounts Payable $7,900 STOCKHOLDERS' EQUITY Common Stock, No Par Retained Earnings 30,000 107,600 Total Stockholders' Equity 137.600 TOTAL LIABILITIES&STOCKHOLDERS EQUITY $145,500