Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The companys balance sheet as of June 30th is shown below:

Beech Corporation
Balance Sheet
June 30
Assets
Cash	$ 72,000
Accounts receivable	128,000
Inventory	60,900
Plant and equipment, net of depreciation	218,000
Total assets	$ 478,900
Liabilities and Stockholders Equity
Accounts payable	$79,000
Common stock	308,000
Retained earnings	91,900
Total liabilities and stockholders equity	$ 478,900

Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.

Schedule of Cash Disbursements for Purchases
	July	August	September	Quarter
From accounts payable	$79,000			$79,000
From July purchases				0
From August purchases				0
From September purchases				0
Total cash disbursements	$79,000	$0	$0	$79,000

Prepare an income statement that computes net operating income for the quarter ended September 30.

Beech Corporation
Income Statement
For the Quarter Ended September 30
	0
	$0

Prepare a balance sheet as of September 30.

Beech Corporation
Balance Sheet
September 30
Assets
Total assets	$0
Liabilities and Stockholders' Equity
Total liabilities and stockholders' equity	$0