Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Obeds: (Click the icon to view the information.) Prepare a budgeted balance sheet for July 31,2024 . (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) 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, $8,300 d. June 30 Accounts Payable balance, $10,400 e. June 30 Fumiture and Fixtures balance, $34,600; Accumulated Depreciation balance, $29,810 f. June 30 total stockholders' equity balance, $28,790 g. July Depreciation Expense, $200 h. Cost of Goods Sold, 70% of sales i. Other July expenses, including income tax, $9,000, paid in cash j. June 30 Cash balance, $11,500 k. July budgeted sales on account, $12,000 I. June 30 Accounts Receivable balance $5,140 m. July cash receipts from payments on account, $14,800