Eugene Brewing Company is budgeting for the next year. The following is the company's beginning balance sheet: EUGENE BREWING COMPANY BALANCE SHEET 1231/2015 Liabilities and Equities Assets 200,000 160,000 Accounts payable Cash S 50,000 120,000 Long-term debt Accounts receivable 160,000 Inventory S 550,000 S 440,000 Total liabilities Total current assets S 150,000 880,000 Common stock at par Fixed assets 150,000 1300.000 Additional paid-in Accumulated depreciation 170,000 580,000 Retained earnings Total Fixed Assets Net 470.000 Total Equity su 020.000 Total liabilities and equities SI,020,000 Total Assets The company expects to collect the beginning balance of accounts receivable in In general, 40% company's sales are on basis. the credit sales, 40% are paid in the following month, and 60% are paid in the second month after the sale. The accounts payable at the beginning of the year must be paid in January. All materials are purchased on credit and paid for in the following month. 12%. of 1% of the principal The long-term debt has an annual interest rate of payments are made long-term debt is not due for another five years. a porter. The ale is a Eugene Brewing Company makes two different types of beer, and lighter beer that requires fewer ingredients than does the darker and heavier porter. The input requirements for a case of beer for each type of beer is as follow For Making Ale Quantity per casc Material $0.50Mb 0,20/oz. 0.40Mb 0.5 lb. Sugar 0.20 bottle 24 Bottles For Making Porter Quantity per case Material $0.50M 0.20oz. 0.40/lb. 0.8 lb. 0,20bottle 24 'WM