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cash in May. Required: 1. Prenare a hudneted income statement for 20Y9. 2. Prepare a budgeted balance sheet as of December 31,20Y9. Inventories: Total current

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed cash in May. Required: 1. Prenare a hudneted income statement for 20Y9. 2. Prepare a budgeted balance sheet as of December 31,20Y9. Inventories: Total current assets Property, plant, and equipment: Liabilities Total property, plant, and equipment Total assets Stockholders' Equity Current liabilities: Budgeted income statement and balance sheet Co.: the beginning of the year. Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows

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