Deacon Company is a merchandising company that is preparing a budget for the three$-$month period ended June $30$th$.$ The following information is available

$\backslash$table$[[\backslash$table$[[$Deacon Company$],[$Balance Sheet$],[$March $31]],],[$Assets$],[$Cash$,,$$$55,000,],[$Accounts receivable,,$36,000,],[$Inventory$,,40,000,],[$Buildings and equipment, net of depr,Lation,$100,000,],[$Total assets,,$$231,000,],[\backslash$table$[[$Liabilities and Stockholders' Equity$],[$Accounts payable$],[$Common stock$],[$Retained earnings$]],,\backslash$table$[[$$$51,300$