Financial and Managerial Accounting (7th Edition) Chapter 20, Problem 4PB. Need help preparing budgets and statements. Need step by step solution to check my work. numbers are not adding up

Locked Where:Pictures The management of Nabar Manufacturing pre ollowing estimated balance sheet for June 2017: Problem 20-48 NABAR MANUFACTURING Estimated Balance Sheet June 30, 2017 acturing Prepartc of master budge P1 P2 P3 Assets Liabilities and Equity 40,000 249,900 35,000 241,080 565,980 720,000 Accounts payable Income taxes payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity$1.045,980 $ 51,400 0,000 24,000 5,400 300,000 385,400 600,000 60,580 660,580 Cash Raw materials inventory Finished goods inventory .. Equipment 240,000) 480,000 Total assets. $1,045,980 o prepare a master budget for July, August, and September of 2017, management gathers the following a sales were 20.000 units in June. ntormation: units in June. Forecasted sales in units are as follows: July, 21,000; August, 19,000 product tember mpany policy calls for a given month's ending finished goods inventory to equal 70% of the next s expected unit sales. The June 30 finished goods inventory is 16.800 units, which does not er.20,000, and October, 24,000. The product's selling price is $17 per unit and its total prod- uct cost is $14.35 per unit. Co comply with the policy