please make sure the answer is actually visible

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 Ape 133 Assets $ 13,500 58,50 40,750 202,000 $319,756 Accounts receivable Inventory Bulldings and equipment, net af depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Mote payable Common stock Retained earnings Total liabilities and stockholders equity $ 67,750 15,000 180,000 56,200 $319,75e The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budgeted at $263.000 for May of these sales, $78.900 will be for cash, the remainder will be credit sales One half of a month's credit sales are collected in the month the sales are made and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May. b. Purchases of inventory are expected to total $193,000 during May. These purchases will all be on account. Forty percent of all purchases are paid for in the month of purchase the remainder are paid in the following month. All of the April 30 accounts payable to suppliers will be paid during May c The May 31 inventory balance is budgeted at $63,000. d. Selling and administrative expenses for May are budgeted at $73.200, exclusive of depreciation. These expenses will be paid in cash Depreciation is budgeted at $4,650 for the month e. The note payable on the April 30 balance sheet will be paid during May, with $210 in interest. (All of the interest relates to May.) f. New refrigerating equipment costing $11.900 will be purchased for cash during May 9. During May, the company will borrow $27.200 from its bank by giving a new note payable to the bank for that amount. The new note will be due in one year Required: 1. Calculate the expected cash collections from customers for May. 2 Calculate the expected cash disbursements for merchandise purchases for May 3. Prepare a cash budget for May 4. Prepare a budgeted income statement for May 5. Prepare a budgeted balance sheet as of May 31. Required: 1. Calculate the expected cash collections from customers for May 2.Calculate the expected cash disbursements for merchandise purchases for May 3. Prepare a cash budget for May 4. Prepare a budgeted income statement for May 5. Prepare a budgeted balance sheet as of May 31 Complete this question by entering your answers in the tabs below. Re 1 and 2 Red Reg4 Regs 1. Calculate the expected cash collections from customers for May 2. Calculate the expected cash disbursements for merchandise purchases for May Totalcanh collections Total cash disuruments Reg 3 > Next > Dent 2 Calculate the expected CSO ce poi 3. Prepare a cash budget for May 4. Prepare a budgeted income statement for May 5 Prepare a budgeted balance sheet as of May 31 Complete this question by entering your answers in the tabs below. Rog 1 and 2 3 Reg4 Regs Prepare a cash budget for Hay (Cash detidency, repayments and interest should be indicated by a minus don) Being cash balance Add colections to customer Tal cable Les cash dsbuna Purchase of inventory Siling and spend Purchase of Tal cash disa ME SW Type here to search O i E Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Rex 5 Prepare a budgeted income statement for May. Minden Company Budgeted Income Statement For the Month ol May Req 1 and 2 Reg 3 Reg 4 Reg 5 Prepare a budgeted balance sheet as of May 31. Minden Company Budgeted Balance Sheet May 31 Assets Total assets $ 0 Liabilities and Stockholders' Equity 0 Total liabilities and stockholders' equity S