Assets Current Assets Cash Accounts Receivable Inventory Prepaid Insurance Total Current Assets GMW Company Budgeted Balance Sheet 30-Sep-23 45,000 435,750 65,300 1,500 547,550 Plant Assets Land 250,000 Computer Equipment 72,000 Accum. Deprec. Comp. Equip. 14,400 57,600 Delivery Equipment 150,000 Accum. Deprec. Del. Equip. 30,000 120,000 Total Plant Assets 427,600 Total Assets 975,150 Liabilities Current Liabilities Accounts Payable 400,000 Note Payable to Bank 24,000 Income Taxes Payable (due 12/15/2023) 45,000 Payroll Taxes Payable (due 12/15/2023) 23,500 Current Portion of Long Term Loan 10,000 Total Current Liabilities 502,500 Long Term Liabilities Long Term Debt Total Liabilties Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity Total Liabilities and Equity 55,000 557,500 367,650 50,000 417,650 975,150