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Are my answers correct? Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The

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Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets 71,000 Cash 131,000 Accounts receivable Inventory 45,500 215,000 Plant and equipment, net of depreciation 462,500 Total assets Liabilities and Stockholders' Equity Accounts payable 76,000 Common stock 307000 79,500 Retained earnings Total liabilities and stockholders' equity 462,500

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