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 Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets $76,000 137,000 86,100 230,000 $529,100 Liabilities and Stockholders' Equity $91,000 312,000 126,100 $529,100 Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity