BUDGETED BALANCE SHEET - December 31,2022 ASSETS: Current Assets: \begin{tabular}{l|r|} \hline Cash & 38,000 \\ Accounts Receivable & 16,000 \\ Merchandise laventory & 5,500 \\ \hline TOTAL CURRENT ASSETS & 59,500 \\ \hline \end{tabular} Property, Plant, \& Equipment: \begin{tabular}{l|r|} \hline Equipment \& Fixtures & 88,000 \\ \hline Ace. Dep. - Equipment \& Fixtures & 16,000 \\ \hline TOTAL P.P.E & 72,000 \\ \hline TOTAL ASSETS & 131,500 \\ \hline \hline \end{tabular} LIABILITIESIOWNERS' EQUITY Current Liabilities: \begin{tabular}{l|r|} Accounts Payable & 15,500 \\ Salaties Payable (if needed) & - \\ Line of Credit & - \\ \hline Notes Payable, Cument Portion (if needed) & \\ \hline TOTAL CURRENT LIABIL.ITIES & 15,500 \\ \hline \end{tabular} Lang-Term Liabilities: \begin{tabular}{l|r|} \hline NP- Long-Term Portion (if needed) & 0 \\ \hline TOTAL L L LABIL.TIES & 0 \\ \hline \end{tabular} TOTAL L.IBIL.ITIES 15,500 Owner's Equity: \begin{tabular}{l|l|} Capital & 116,000 \\ \hline TOTAL OE & 116,000 \\ TOTAL L.ABIL.ITIES \& SE & 131,500 \\ \hline \hline \end{tabular} If a corporation payment in awners - Dividends If a sile proprietorshipipartacrahip, payment to ownets = Withdrawals Vou aust muke this determainution when it comes to tax ealculatini. BUDGETED BALANCE SHEET - December 31,2022 ASSETS: Current Assets: \begin{tabular}{l|r|} \hline Cash & 38,000 \\ Accounts Receivable & 16,000 \\ Merchandise laventory & 5,500 \\ \hline TOTAL CURRENT ASSETS & 59,500 \\ \hline \end{tabular} Property, Plant, \& Equipment: \begin{tabular}{l|r|} \hline Equipment \& Fixtures & 88,000 \\ \hline Ace. Dep. - Equipment \& Fixtures & 16,000 \\ \hline TOTAL P.P.E & 72,000 \\ \hline TOTAL ASSETS & 131,500 \\ \hline \hline \end{tabular} LIABILITIESIOWNERS' EQUITY Current Liabilities: \begin{tabular}{l|r|} Accounts Payable & 15,500 \\ Salaties Payable (if needed) & - \\ Line of Credit & - \\ \hline Notes Payable, Cument Portion (if needed) & \\ \hline TOTAL CURRENT LIABIL.ITIES & 15,500 \\ \hline \end{tabular} Lang-Term Liabilities: \begin{tabular}{l|r|} \hline NP- Long-Term Portion (if needed) & 0 \\ \hline TOTAL L L LABIL.TIES & 0 \\ \hline \end{tabular} TOTAL L.IBIL.ITIES 15,500 Owner's Equity: \begin{tabular}{l|l|} Capital & 116,000 \\ \hline TOTAL OE & 116,000 \\ TOTAL L.ABIL.ITIES \& SE & 131,500 \\ \hline \hline \end{tabular} If a corporation payment in awners - Dividends If a sile proprietorshipipartacrahip, payment to ownets = Withdrawals Vou aust muke this determainution when it comes to tax ealculatini
