for the third quarter. puciou tt uisursenents Tor geico compound, by month and in total, PROBLEM 7-20A Cash Budget; Income Statement: Balance Sheet [Lo2, LO4, LOB, LOs.LO10 The balance sheet of Phototec, Inc., a distributor of photographic supplies, as of May 31 is given below: Phototec, Inc, Balance Sheet May 31 CHECK FIGUR (1) Ending cash $7.500 Assets Accounts receivable Inventory.... Buildings and equipment, net of depreciation. Total assets $ 8,000 72.000 30,000 500,000 $610,000 Liabilities and Stockholders' Equity Accounts payable Capital stock. Retained earnings Tolai lieb-lities and stockholders' equity i s 90,000 15.000 420,000 85.000 $610,000 ,n, The conpony is in the process af pierurony bodect for Joos son se a ah tolloving deta