After a successful first year, earning $6000 more than the budgeted net income of quarter of a million dollars, Becks company has begun to budget for the upcoming year. Below are the six month estimates:

sales $1600000

Accounts payable 80000

Accounts receivable 200000

bonds payable 320000

building, net 800000

capital stock 800000

cash 112000

depreciation factory 48000

direct materials 400000

equipment, net 480000

insurance, factory 8000

inventories 360000

maintenance, factory 56000

office salaries 160000

plant wages 280000

selling expenses 120000

utilities, factory 32000

come up with a budgeted income statement for June 2019

come up with a budgeted balance sheet for June 30, 2019