Data

Assume the following information for Royal:

Maintain a $16\%$ open line of credit for $$75,000$

Maintains a minimum cash balance of $$30,000$

Borrows on the first day of the month and repays loans on the last day of the month

Pays a cash dividend of $$49,000$ in April

Purchase $$143,700$ of equipment in May and $$48,300$ in June $($paid in cash$)$

Has a April $1$ cash balance of $$40,000$

$>$ Please help me to create a balance sheet!!$$