a$.$ As of December $31($the end of the prior quarter$),$ the company's general ledger showed the following account balances:

$\backslash$table$[[,$Debits,Credits$],[$Cash$,$$$55,000,],[$Accounts receivable,$212,000,],[$Inventory$,60,000,],[$Buildings and equipment $($net$),365,000,],[$Accounts payable,$$89,625,],[$Common stock,$500,000,],[$Retained earnings,,$102,375]]$

b$.$ Actual sales for December and budgeted sales for the next four months are as follows:

$\backslash$table$[[$December$($actual$),$$$265,000$