For P7-63 the answer 1848251.65 is incorrect

Data Table a. March 31 equipment balance, $52,200; accumulated depreciation, $41,100. b. April capital expenditures of $42,800 budgeted for cash purchase of equipment c. April depreciation expense, $800. d. Cost of goods sold, 40% of sales. e. Other April operating expenses, including income tax, total $12,600, 25% of which will be paid in cash and the remainder accrued at April 30. f. March 31 owners' equity, $93,500 g. March 31 cash balance, $40,900 h, April budgeted sales, $90,000, 75% of which is for cash. Of the remaining 25%, half will be collected in 8 April and half in May. l. April cash collections on March sales, $29,600. J. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,400. k. March 31 inventory balance, $29,300. l. April purchases of inventory, $10,200 for cash and $36,400 on credit. Half of the credit purchases will be paid in April and half in May. Print Done