eBook Print Item Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2019, the following tentative trial balance as of December 31, 20Y8, is prepared by the Accounting Department of Regina Soap Co! Cash $107,100 Accounts Receivable 203,500 Finished Goods 42,700 Work in Process 28,500 Materiais 46,800 Prepaid Expenses 3,500 Plant and Equipment 552,600 Accumulated Depreciation Plant and Equipment $237,600 Accounts Payable 193,900 Common Stock, $10 par 250,000 Retained Earnings 303,200 $984,700 $984,700 Factory output and sales for 2049 are expected to total 27,000 units of product, which are to be sold at $100 per unit. The quantities and costs of the inventores at December 31, 2019, are expected to remain unchanged from the balances at the beginning of the year. Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows: Estimated costs and Expenses