2 Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019. 15 points DIMSDALE SPORTS COMPANY Estinated Balance Sheet December 31, 2019 Assets Cash Accounts receivable ebook Inventory Total current assets Equipment $ 37,000 520,000 157,500 714,500 564,000 Past Total assets Accounts payable Bank loan payable Taxes payable (due 3/15/2020) Less Accumulated depreciation i Equipment, net Liabilities and Equity 70,500 493,500 $1,208,000 $300,000 Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 12,000 92,000 473,500 250,500 $ 484,000 724,000 $1,200,000 To prepare a master budget for January, February, and March of 2020, management gathers the following information. Check my