14. The company's Board of 15. The company had a beginning balance sheet (as of January 1) as follows: Assets Current Assets Cash Accounts Receivable Prepaid Insurance Inventory Total Current Assets Liabilities & SE Current Liabilities $16,000 Accounts Payable 48,000 Commissions Payable O Income Taxes Payable 9.600 Dividends Payable 73,600 Total Current Liabilities $23,500 3,400 9,275 O 36.175 80,000 Long-term Debt Property, Plant & Equipment Equipment Land Accumulated Depreciation Net PPE 95,000 Stockholders Equity 8,800 Common Stock (25.000) Return Earnings 78,800 Total SE 26,225 10.000 36,225 $152,400 Total Assets $152,400 Total Liabilities & SE Babcats Company's partically completed master budget is as follows: Sales Budget January $81,100 February $101,100 March $106,100 Credit Sales from tomore 14. The company's Board of 15. The company had a beginning balance sheet (as of January 1) as follows: Assets Current Assets Cash Accounts Receivable Prepaid Insurance Inventory Total Current Assets Liabilities & SE Current Liabilities $16,000 Accounts Payable 48,000 Commissions Payable O Income Taxes Payable 9.600 Dividends Payable 73,600 Total Current Liabilities $23,500 3,400 9,275 O 36.175 80,000 Long-term Debt Property, Plant & Equipment Equipment Land Accumulated Depreciation Net PPE 95,000 Stockholders Equity 8,800 Common Stock (25.000) Return Earnings 78,800 Total SE 26,225 10.000 36,225 $152,400 Total Assets $152,400 Total Liabilities & SE Babcats Company's partically completed master budget is as follows: Sales Budget January $81,100 February $101,100 March $106,100 Credit Sales from tomore