Calculate the Selling and Administrative Expenses Budget.

Bottas Manufacturing, Inc. Balance Sheet December 31, 2018 ASSETS Cash Marketable securities Accounts receivable Inventories: $25,711.00 20,000.00 565,844.43 Finished goods Work in process Direct materials $ 86,385.60 0.00 7,193.94 93,579.54 Total Current Assets 705,134.97 Property, plant and equipment Less: Accumulated depreciation Total Property, Plant and Equipment $ 844,200.00 (318,600.00) 525,600.00 Total Assets $ 1,230,734.97 LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Income taxes payable Total Current Liabilities $5,755.15 0.00 $5,755.15 436,000.00 441,755.15 Long-term notes payable Total Liabilities Common stock ($5.00 Par) Paid-in capital Retained earnings Total Stockholders Equity $475,000.00 100,000.00 213,979.82 788,979.82 $ 1,230,734.97 Total Liabilities and Stockholders Equity Total Liabilities and Stockholders Equity