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2 . More Company's master budget includes estimated costs and expenses of $ 7 0 0 , 0 0 0 for its third quarter of

2. More Company's master budget includes estimated costs and expenses of $700,000 for its third quarter of operations. Muskan, the company's controller expects $500,000 to be financed with current payables. Depreciation expense for the quarter is budgeted at $70,000. More's prepayments balance at the end of the third quarter is expected to be twice that of its prepayments balance at the beginning of the quarter. Muskan estimates the company will prepay expenses totaling $200,000 in the third quarter. What is More's budgeted prepayments balance at the end of the third quarter?

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