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 90,000 136,000 Accounts receivable 62,000 Inventory 210,000 Plant and equipment, net of depreciation Total assets 498,000 Liabilities and Stockholders' Equity 71100 Accounts payable Common stock 327000 Retained earnings 99,900 Total liabilities and stockholders' equity 498,000