Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: 53,000 210,400 59,700 Cash Accounts receivable Inventory Buildings and equipment Accounts payable Common stock Retained earnings (net) 89,025 500,000 97,075 $ 686.100s 686,100