Eichler, Inc. Balance Sheet December 31, 2024 Assets Current Assets Cash $ 2,700 Accounts Receivable 600 Raw Materials Inventory 300 1,650 $ 5,250 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 13,000 (1.000) 12,000 Total Assets $ 17,250 Liabilities Current Liabilities: Accounts Payable 63 1,200 Stockholders' Equity Print Done Get More Hain Tore Info c. a. Sales on account, $26,000 b. Cash receipts from customers from sales on account, $20,200 Purchase of raw materials on account, $4,000 d. Payments on account, $2,000 e. Total cost of completed products, $11.750, which includes the following: Raw materials used, $2.500 Direct labor costs incurred and paid, S4 100 Manufacturing overhead costs incurred and paid $4.500 Depreciation on manufacturing equipment, $650 f. Cost of goods sold, $12,600 g Selling and administrative costs incurred and paid $6.000 h. Purchase of equipment paid in 2025, $1.800 Print Done men click Check Answer 15 Get More Help Clear Abbreviations A/D A/P A/R Cash recpts. COGS CS Depr. Equip FG Inv. Mfg. OH Pmts on acct. Purch, equip Purch. RM RE RM Inv. RM used S and A Sales on acct. Accumulated Depreciation Accounts Payable Accounts Receivable Cash receipts from customers Cost of Goods Sold Common Stock Depreciation on manufacturing equipment Equipment Finished Goods Inventory Manufacturing Overhead Payments on account Purchase of equipment Purchase of raw materials on account Retained Eamings Raw Materials Inventory Raw materials used Selling and Administrative Sales on account Print Done Eichler, Inc. has the following balance sheet at December 31, 2024 (Click the icon to view the balance sheet) Eichler projects the following transactions for 2025 Click the icon to view the transactions) Prepare a budgeted balance sheet for Eichler, Inc. for December 31, 2005. tit may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account) CALLE Begin by completing the accounting equation for the 2025 transactions (Use a minus sign or parentheses to enter account reductions and contra asset balances and action input field is not used in the equation love the input field empty, do not enter a 2010 Abbation and Cash- AR RM in Fin- Equip (No 8 AP CS RE Dec 31, 2024 5 2.700 S 600 $ 300 S 1850 - $13.000 - 5:1.000 = $1200 + $8,000 $8,050 Sales on act