Dorah, the sole stockholder of Marshall Inc., runs a home$-$cleaning service in the suburb of a large city. Her balance sheet as at September $30,2019$ is as follows:

Marshall Inc.

Balance Sheet

As at September $30,2019$

Assets

Cash $$5,400$

Accounts Receivable $$18,600$

Equipment $$8,500$

Accumulated Depreciation $$-1,100$

Total Assets $$31,400$

Liabilities

Accounts Payable $$3,000$

Notes Payable $$13,200$

Total Liabilities $$16,200$

Stockholder's Equity $$15,200$

Total Liabilities & Stockholder's Equity $$31,400$

In the upcoming year, Dorah expects the following events to occur:

Total revenues of $$22,000$ and total expenses of $$16,780$

$100\%$ of accounts receivable from the prior year will be collected in the following year

Credit sales will represent $44\%$ of revenues for the year

$100\%$ of accounts payable owing from $2019$ will be paid off in $2020$

By the end of September, $2020,$ Marshall will owe its suppliers $$3,100$

No principal payments will be made on the bank loan during $2019$

Purchase of new equipment for $$2,900.$ The entire purchase will be financed through a bank loan

Expect to have a cash balance of $$20,200$ at the end of fiscal $2020$

Depreciate assets by $$560$ during $2020$

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

Prepare Marshall Inc.$\text{'}$s budgeted balance sheet as at September $30,2020.$

Marshall Inc.

Budgeted Balance Sheet

As at September $30,2020$

Assets

Cash $Answer

Accounts Receivable $Answer

Equipment $Answer

Accumulated Depreciation $Answer

Total Assets $Answer

Liabilities

Accounts Payable $Answer

Notes Payable $Answer

Total Liabilities $Answer

Stockholder's Equity $Answer

Total Liabilities & Stockholder's Equity $Answer