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Chair Printing Supply of Baltimore has applied for a loan. Its bark has requested a budgeted As Chair Printing Supply/s controjies, you have assemb ncome statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, additional information: 2024 , balance sheet follows: 1. (Click the icon to view the information.) (Click the icon to view the balance sheet.) Requirements Requirement 1, Prepare ty \begin{tabular}{|l|l|l|} \hline Chalr Printing \\ Sales Bu & 1. Prepare the sales budget for April. \\ 2. Prepare the inventory, purchases, and cost of goods sold budget for \\ Total budgeted sales & 3. Apri. \\ 4. Prepare the seling and administrative expense budget for April. \\ 4. Prepare the schedule of cash receipts from customers for Apri. \\ 5. Prepare the schedule of cash payments for selling and administrative \\ 6. expenses for April. \\ 6repare the cash budget for April. Assume the company does not \\ 7. Prepart-term financing to maintain a minimum cash balance. \\ 8. Prepare the budgeted balance sheot at April 30.2024. \end{tabular} Chair Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, As Chair Printing Supply's controller, ? 2024, balance sheat follows: additionai information: IIA (Click the icon to view the balance sheet.) More info Requirement 1 a. April dividends of $4,500 were declared and paid. b. April capital expenditures of $17,000 budgeted for cash purchase of equipment. c. April depreciation expense, $200. d. Cost of goods sold, 45% of sales. -. Desired ending inventory for April is $27,100. f. April selling and administrative expenses include salaries of $34,000,20% 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 5% of sales, all paid in April. h. April budgeted sales, $80,000,75% collected in April and 25% in May. i. April cash payments of March 31 llabilities incurred for March purchases of inventory, $8,200. 1. April purchases of inventory, $13,800 for cash and $37,100 on account. Halt the credit purchases will be paid in April and hall in May. Data table Chair Printing Supply of Baltimore has appliod for a loan. Its bank has requested a budgeted income statement tor April 2024 and budgeled balance sheot at April 30. 2024. The March 31. As Chair Printing Supply's controllor, you have assembibd the follow additional information: 2024, balance sheet foliows: (Click the icon to view the information.) (Click the icon to view the balance sheet.) Requirement 1. Prepare the sales budget for Apn. Chair Printing Supply Balance Sheet March 31, 2024 Assets Current Assets: Print Done a. April dividends of $4,500 were declared and paid. b. April capital expenditures of $17,000 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 $27,100. f. April selling and administrative expenses include salaries of $34,000,20% 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 5% of sales, all paid in April. h. April budgeted sales, $80,000,75% collected in April and 25% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,200. j. April purchases of inventory, $13,800 for cash and $37,100 on account. Half the credit purchases will be paid in April and half in May. 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, 2024. Chair Printing Supply of Baltimore has applied for a loan. It bank has requested a budgeted income statement for April 2024 and budgeted balance sheot at April 30, 2024. The March 31, 2024, balance sheet follows: (Click the icon to view the balance sheet.) Requirement 1. Prepare the sales budget for April