3 ! Required information 12 5 [The following information applies to the questions displayed below.] points Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar Skipped year. The company's balance sheet as of June 30th is shown below: Beech Corporation eBook Balance Sheet June 30 Print Assets Cash $ 85,000 References Accounts receivable 141, 006 Inventory 83, 250 Plant and equipment, net of depreciation 226,000 Total assets $ 535, 250 Liabilities and Stockholders' Equity Accounts payable $ 87,000 Common stock 350, 000 Retained earnings 98, 250 Total liabilities and stockholders equity $ 535, 250 Beech's managers have made the following additional assumptions and estimates Mc Graw Hill