BALANCE SHEET 1. Capital Stock - found in your instructions in your beginning (December 31) balance sheet - $500,000. 2. Retained earnings BEGINNING - $109,000). Beginning retained earnings is used in the calculation of ENDING retained earnings. Ending retained earnings is used on your balance sheet. Check figure for total assets is $852,320.

NEEDED:

Cash balance endings

Total financing

Check answers of disbursements and excess deficiency of case.

4. Cash budget: January February March Quarter Cash balance, beginning Add cash collections Total cash available Less disbursements: Inventory purchases 47,000 * 324,000 * $540,000 $640,00 371,000 * $570,500 $695,800 $ 47,000 1,504,000 1,551,000 264,500 * $360,000 $300,000 924,500 137,000 * $153,000 $129,000 $1,700 $84,500 45,000 * 446,500 * $514,700 $513,500 419,000 86,200 45,000 1,474,700 Selling and administrative expenses Equipment purchases Cash dividends Total disbursements Excess (deficiency) of cash Financing: Borrowings Repayments Interest Total financing Cash balance, ending (75,500)* $55,800 $106,000 76,300 106,000 $106,000 ($3,180) $109,180 106,000 (106,000) (3,180) ($3,180) 73,120 106,000 30,500 $ 4. Cash budget: January February March Quarter Cash balance, beginning Add cash collections Total cash available Less disbursements: Inventory purchases 47,000 * 324,000 * $540,000 $640,00 371,000 * $570,500 $695,800 $ 47,000 1,504,000 1,551,000 264,500 * $360,000 $300,000 924,500 137,000 * $153,000 $129,000 $1,700 $84,500 45,000 * 446,500 * $514,700 $513,500 419,000 86,200 45,000 1,474,700 Selling and administrative expenses Equipment purchases Cash dividends Total disbursements Excess (deficiency) of cash Financing: Borrowings Repayments Interest Total financing Cash balance, ending (75,500)* $55,800 $106,000 76,300 106,000 $106,000 ($3,180) $109,180 106,000 (106,000) (3,180) ($3,180) 73,120 106,000 30,500 $