Create a purchases budget from the begining balance sheet

Bobcat Beverage Company Balance Sheets As of August 31, 2019 ASSETS CURRENT ASSETS Cash $ 25,800 Accounts Receivable $ 595,000 Inventory 50,688 Prepaid Insurance $ 27,500 TOTAL CURRENT ASSETS $ 698,988 PROPERTY PLANT & EQUIPMENT Land Equipment Accumulated Depreciation TOTAL PPE $ $ $ 100,000 300,000 (100,000) $ 300,000 TOTAL ASSETS $ 998,988 LIABILITIES & STOCKHOLDERS EQUITY CURRENT LIABILITIES Accounts Payable 81.859 Commissions Payable $ 59,500 Advertising Expense Payable $ 121,250 Income Taxes Payable $ 22.000 Dividends Payable TOTAL CURRENT LIABILITIES $ 284,609 LONG TERM DEBT $ 220,000 STOCKHOLDERS EQUITY Common Stock Retained Earnings TOTAL STOCKHOLDERS EQUITY $ $ 89,500 404,879 $ 494,379 TOTAL LIABILITIES & STOCKHOLDERS EQUITY $ 998,988 Bobcat Beverage Company Balance Sheets As of August 31, 2019 ASSETS CURRENT ASSETS Cash $ 25,800 Accounts Receivable $ 595,000 Inventory 50,688 Prepaid Insurance $ 27,500 TOTAL CURRENT ASSETS $ 698,988 PROPERTY PLANT & EQUIPMENT Land Equipment Accumulated Depreciation TOTAL PPE $ $ $ 100,000 300,000 (100,000) $ 300,000 TOTAL ASSETS $ 998,988 LIABILITIES & STOCKHOLDERS EQUITY CURRENT LIABILITIES Accounts Payable 81.859 Commissions Payable $ 59,500 Advertising Expense Payable $ 121,250 Income Taxes Payable $ 22.000 Dividends Payable TOTAL CURRENT LIABILITIES $ 284,609 LONG TERM DEBT $ 220,000 STOCKHOLDERS EQUITY Common Stock Retained Earnings TOTAL STOCKHOLDERS EQUITY $ $ 89,500 404,879 $ 494,379 TOTAL LIABILITIES & STOCKHOLDERS EQUITY $ 998,988