Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Octovios: (Click the icon to view the information.) Accounts Payable, A/R = Accounts Receivable, Accum. Deprec. = Accumulated Depreciation, Merch. = Merchandise.) More info a. June 30 Merchandise Inventory balance, $17,760 b. July purchase of Merchandise Inventory, $4,700, paid in cash c. July payments of Accounts Payable, $8,200 d. June 30 Accounts Payable balance, $10,600 e. June 30 Furniture and Fixtures balance, $34,200; Accumulated Depreciation balance, $29,810 f. June 30 total stockholders' equity balance, $28,370 g. July Depreciation Expense, $600 h. Cost of Goods Sold, 40% of sales i. Other July expenses, including income tax, $7,000, paid in cash j. June 30 Cash balance, $11,700 k. July budgeted sales on account, $12,700 I. June 30 Accounts Receivable balance $5,120 m. July cash receipts from payments on account, $14,200