Goldblum, Inc. has the following balance sheet at December 31, 2024: (Click the icon to view the balance sheet.) Goldblum projects the following transactions for 2025: (Click the icon to view the transactions.) RBD Prepare a budgeted balance sheet for Goldblum, Inc. for December 31, 2025. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) GIDAD 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 activity. If an input field is not used in the equation leave the input field empty, do not enter a zero. Abbreviations used.) Cash + A/R + RM Inv. + FG Inv. + Equip. + (AJD) = A/P + CS + RE Dec. 31. 2024 + + + + + Goldblum, Inc. Balance Sheet December 31, 2024 Assets Current Assets: Cash $ 2,700 Accounts Receivable 800 550 Raw Materials Inventory 1,550 Finished Goods Inventory $ 5,600 - Total Current Assets Property, Plant, and Equipment: Equipment 11,000 (1,000) 10,000 Less: Accumulated Depreciation $ 15,600 Totland Print Done $ 15,600 Total Assets Liabilities Current Liabilities: Accounts Payable $ 1,800 Stockholders' Equity Common Stock, no par $ 8,000 Retained Earnings 5,800 13,800 Total Stockholders' Equity $ 15,600 Total Liabilities and Stockholders' Equity Print Done More info a. b. C. d. e. Sales on account, $28,000 Cash receipts from customers from sales on account, $23,400 Purchase of raw materials on account, $4,500 Payments on account, $2,000 Total cost of completed products, $12,150, which includes the following: Raw materials used, $2,000 Direct labor costs incurred and paid, $5,100 Manufacturing overhead costs incurred and paid, $4,500 Depreciation on manufacturing equipment, $550 Cost of goods sold, $11,400 Selling and administrative costs incurred and paid, $4,000 Purchase of equipment, paid in 2025, $2,200 f. g. h. Print Done