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Cube Offlce Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet) The budget committee of Cube Ollice Supply has assemblod the following datix (1) (Click the icon to view the data) Read the peguirements. Requirement 1. Prepace Cube's saies budget for Aprit and May 2018. Round all amounts to the nearest dollaf. Requirement 2. Prepare Cube's inventary, purchases, and cost of goods sold budget for April and May. a. Sales in April are expected to be $40,000. Cube forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales. b. Cube maintains inventory of $12,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. c. Monthly salaries amount to $9,000. Sales commissions equal 5% of sales for that month. d. Other monthly expenses are as follows: - Rent: $2,800 - Depreciation: $500 - Insurance: $400 - Income tax: $1,600 Balance Sheet March 31, 2018 Assets Current Assets: Liabilities