$2.$ Prepare a budgeted balance sheet as of December $31,20$Y$9.$

Regina Soap Co$.$

Budgeted Balance Sheet

December $31,20$Y$9$

Line Item Description Amount Amount Amount

Assets

Current assets:

fill in the blank $1$ of $28$

Cash

fill in the blank $2$ of $28$$

$118,700$

fill in the blank $3$ of $28$

Accounts receivable

fill in the blank $4$ of $28$

$125,600$

Inventories:

fill in the blank $5$ of $28$

Finished goods

fill in the blank $6$ of $28$$

$69,300$

fill in the blank $7$ of $28$

Work in process

fill in the blank $8$ of $28$

$32,500$

fill in the blank $9$ of $28$

Materials

fill in the blank $10$ of $28$

$48,900$

Total fill in the blank $11$ of $28$

fill in the blank $12$ of $28$

Prepaid expenses

fill in the blank $13$ of $28$

$2,600$

Total current assets fill in the blank $14$ of $28$$

$362,500$

Property, plant, and equipment:

fill in the blank $15$ of $28$

Plant and equipment

fill in the blank $16$ of $28$$

fill in the blank $17$ of $28$

Accumulated depreciation

fill in the blank $18$ of $28$

Total property, plant, and equipment fill in the blank $19$ of $28$

$233,700$

Total assets fill in the blank $20$ of $28$$

Liabilities

Current liabilities:

fill in the blank $21$ of $28$

Accounts payable

fill in the blank $22$ of $28$$

$62,000$

Stockholders' Equity

fill in the blank $23$ of $28$

Common stock

fill in the blank $24$ of $28$$

$180,000$

fill in the blank $25$ of $28$

Retained earnings

fill in the blank $26$ of $28$

$225,500$

Total stockholders$$ equity fill in the blank $27$ of $28$

Total liabilities and stockholders$$ equity fill in the blank $28$ of $28$$