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:

The following information applies to the questions displayed below.] 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 $70,000 134,000 48,300 212,000 Total assets $464,300 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $73,000 306,000 85,300 Total liabilities and stockholders' equity $464,300