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Required: 1. Calculate the expected cash collections 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. Rag Req 3 Req 4 Req 5 1. Calculate the expected cash collections for May. 2. Calculate the expected cash disbursements for merchandise purchases for May Total cash collections Total cash disbursements Req 3 >

Req 1 and 2Req 3Req 4 Req 5 Prepare a cash budget for May. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Minden C Cash Budget For the Month of May Beginning cash balance Add collections from customers Total cash available Less cash disbursements Purchase of inventory Selling and administrative expenses Purchases of equipment Total cash disbursements Excess of cash available over disbursements Financing Borrowing note Interest Total financing Ending cash balance C Req 1 and 2 Req4 >

q Req 3 Req 4 Req 5 Prepare a budgeted income statement for May Minden Company Budgeted Income Statement For the Month of Req 3

Req 1 and 2 Req 3 Req 4 Req 5 Prepare a budgeted balance sheet as of May 31 Budgeted Balance Sheet Total assets Liabilities and Stockholders’ Equity otal liabilties and stockholders’ equity