Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Cash Accounts receivable Inventory Buildings and equipment Accumulated depreciation Total assets Beginning Balances $ 30,000 13,000 20,000 100,000 (25,000) $ 138,000 Ending Balances $ 38,000 16,000 18,000 100,000 (30,000) $142,000 Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 4,000 60,000 74,000 $138,000 $ 5,000 60,000 77,000 $142,000 Assuming the company did not sell any noncurrent assets during the period, how much depreciation expense must be included in the company's budgeted income statement? Multiple Choice O 0 $3,000 o o O $5,000 o $2,000 O o O $4.000 Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Cash Accounts receivable Inventory Buildings and equipment Accumulated depreciation Total assets Beginning Balances $ 30,000 13,000 20,000 100,000 (25, 000) $ 138,000 Ending Balances $ 38,000 16,000 18,000 100,000 (30,000) $142,000 Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 4,000 60,000 74,000 $138,000 $ 5,000 60,000 77,000 $142,000 Assuming the company did not pay any dividends during the period, how much net income must be shown on the company's budgeted income statement? Multiple Choice $4.000 $3,000 $5,000 O $2,000 O