GOLDBERG COMPANY Statement of Financial Position November 30, 2019 Assets Cash $17,000 Accounts receivable (net of $4,000 allowance for doubtful accounts) Inventory Property, plant, and equipment (net of $570,000 accumulated depreciation) 54,000 123,200 950,000 $1,144,200 Total assets Liabilities and Stockholders' Equity Accounts payable $ 137,000 800,000 207,200 Common stock Retained earnings $1,144,200 Total liabilities and equity Required: 1. What is the total of budgeted cash collections for December? 2. How much is the book value of accounts receivable at the end of December? 3. How much IS the Income loss) beto re income taxes tor December 4. What is the projected balance in inventory on December 31, 2019? 5. What are budgeted purchases for December? 6. What is the projected balance in accounts payable on December 31, 2019? (For all requirements, Do not round intermediate calculations.) GOLDBERG COMPANY Statement of Financial Position November 30, 2019 Assets Cash $17,000 Accounts receivable (net of $4,000 allowance for doubtful accounts) Inventory Property, plant, and equipment (net of $570,000 accumulated depreciation) 54,000 123,200 950,000 $1,144,200 Total assets Liabilities and Stockholders' Equity Accounts payable $ 137,000 800,000 207,200 Common stock Retained earnings $1,144,200 Total liabilities and equity Required: 1. What is the total of budgeted cash collections for December? 2. How much is the book value of accounts receivable at the end of December? 3. How much IS the Income loss) beto re income taxes tor December 4. What is the projected balance in inventory on December 31, 2019? 5. What are budgeted purchases for December? 6. What is the projected balance in accounts payable on December 31, 2019? (For all requirements, Do not round intermediate calculations.)