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Dorah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at

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Dorah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at November 30, 2020 is as follows: Mad Dog Food Truck Balance Sheet As at November 30, 2020 Assets Cash $4,300 Inventory $2,000 Equipment $9,600 Accumulated Depreciation $-1,100 Total Assets $14,800 Liabilities Accounts Payable $2,700 Loan Payable $7,000 Total Liabilities $9,700 Shareholder's Equity $5,100 Total Liabilities & Shareholder's Equity $14,800 In the upcoming year, Dorah expects the following events to occur Total revenues of $23,000 and total expenses of $5,720 Inventory is expected to increase by $1,200 . By the end of November, 2021, Mad Dog Food Truck will owe its suppliers $3,100 . No principal payments will be made on the loan payable during 2021 Purchase of new equipment for $2,100. The entire purchase will be financed through a loan payable Expect to have a cash balance of $21,400 at the end of fiscal 2021 Depreciate assets by $620 during 2021 Use the negative sign for negative values. Prepare Mad Dog Food Truck's budgeted balance sheet as at November 30, 2021. Mad Dog Food Truck Budgeted Balance Sheet As at November 30, 2021 Assets Cash Inventory $ Equipment $ Accumulated Depreciation $ Total Assets $ Liabilities Accounts Payable $ Loan Payable $ Total Liabilities $ Shareholder's Equity $ Total Liabilities & Shareholder's Equity

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